Texas Statutes
Title 4 - Partnerships
Chapter 153 - Limited Partnerships

Section 153.103. Actions Not Constituting Participation in Business for Liability Purposes - Sec. 153.103. ACTIONS NOT CONSTITUTING PARTICIPATION IN BUSINESS FOR LIABILITY...

Section 153.104. Enumeration of Actions Not Exclusive - Sec. 153.104. ENUMERATION OF ACTIONS NOT EXCLUSIVE. The enumeration in...

Section 153.105. Creation of Rights - Sec. 153.105. CREATION OF RIGHTS. Sections 153.103 and 153.104 do...

Section 153.106. Erroneous Belief of Contributor Being Limited Partner - Sec. 153.106. ERRONEOUS BELIEF OF CONTRIBUTOR BEING LIMITED PARTNER. Except...

Section 153.107. Statement Required for Liability Protection - Sec. 153.107. STATEMENT REQUIRED FOR LIABILITY PROTECTION. (a) A written...

Section 153.108. Requirements for Liability Protection Following Expiration of Statement - Sec. 153.108. REQUIREMENTS FOR LIABILITY PROTECTION FOLLOWING EXPIRATION OF STATEMENT....

Section 153.109. Liability of Erroneous Contributor - Sec. 153.109. LIABILITY OF ERRONEOUS CONTRIBUTOR. Regardless of whether Sections...

Section 153.110. Withdrawal of Limited Partner - Sec. 153.110. WITHDRAWAL OF LIMITED PARTNER. A limited partner may...

Section 153.111. Distribution on Withdrawal - Sec. 153.111. DISTRIBUTION ON WITHDRAWAL. Except as otherwise provided by...

Section 153.112. Receipt of Wrongful Distribution - Sec. 153.112. RECEIPT OF WRONGFUL DISTRIBUTION. A limited partner who...

Section 153.113. Powers of Estate of Limited Partner Who Is Deceased or Incapacitated - Sec. 153.113. POWERS OF ESTATE OF LIMITED PARTNER WHO IS...

Subchapter D. General Partners

Section 153.151. Admission of General Partners - Sec. 153.151. ADMISSION OF GENERAL PARTNERS. (a) After a limited...

Section 153.152. General Powers and Liabilities of General Partner - Sec. 153.152. GENERAL POWERS AND LIABILITIES OF GENERAL PARTNER. (a)...

Section 153.153. Powers and Liabilities of Person Who Is Both General Partner and Limited Partner - Sec. 153.153. POWERS AND LIABILITIES OF PERSON WHO IS BOTH...

Section 153.154. Contributions by and Distributions to General Partner - Sec. 153.154. CONTRIBUTIONS BY AND DISTRIBUTIONS TO GENERAL PARTNER. A...

Section 153.155. Withdrawal of General Partner - Sec. 153.155. WITHDRAWAL OF GENERAL PARTNER. (a) A person ceases...

Section 153.156. Notice of Event of Withdrawal - Sec. 153.156. NOTICE OF EVENT OF WITHDRAWAL. A general partner...

Section 153.157. Withdrawal of General Partner in Violation of Partnership Agreement - Sec. 153.157. WITHDRAWAL OF GENERAL PARTNER IN VIOLATION OF PARTNERSHIP...

Section 153.158. Effect of Withdrawal - Sec. 153.158. EFFECT OF WITHDRAWAL. (a) Unless otherwise provided by...

Section 153.159. Conversion of Partnership Interest After Withdrawal - Sec. 153.159. CONVERSION OF PARTNERSHIP INTEREST AFTER WITHDRAWAL. If the...

Section 153.160. Effect of Conversion of Partnership Interest - Sec. 153.160. EFFECT OF CONVERSION OF PARTNERSHIP INTEREST. (a) After...

Section 153.161. Liability of General Partner for Debt Incurred After Event of Withdrawal - Sec. 153.161. LIABILITY OF GENERAL PARTNER FOR DEBT INCURRED AFTER...

Section 153.162. Liability for Wrongful Withdrawal - Sec. 153.162. LIABILITY FOR WRONGFUL WITHDRAWAL. (a) If a general...

Subchapter E. Finances

Section 153.201. Form of Contribution - Sec. 153.201. FORM OF CONTRIBUTION. The contribution of a partner...

Section 153.202. Enforceability of Promise to Make Contribution - Sec. 153.202. ENFORCEABILITY OF PROMISE TO MAKE CONTRIBUTION. (a) A...

Section 153.203. Release of Obligation to Partnership - Sec. 153.203. RELEASE OF OBLIGATION TO PARTNERSHIP. Unless otherwise provided...

Section 153.204. Enforceability of Obligation - Sec. 153.204. ENFORCEABILITY OF OBLIGATION. (a) Notwithstanding a compromise or...

Section 153.205. Requirements to Enforce Conditional Obligation - Sec. 153.205. REQUIREMENTS TO ENFORCE CONDITIONAL OBLIGATION. (a) An obligation...

Section 153.206. Allocation of Profits and Losses - Sec. 153.206. ALLOCATION OF PROFITS AND LOSSES. (a) The profits...

Section 153.207. Right to Distribution - Sec. 153.207. RIGHT TO DISTRIBUTION. Subject to Section 153.210, when...

Section 153.208. Sharing of Distributions - Sec. 153.208. SHARING OF DISTRIBUTIONS. (a) A distribution of cash...

Section 153.209. Interim Distributions - Sec. 153.209. INTERIM DISTRIBUTIONS. Except as otherwise provided by this...

Section 153.210. Limitation on Distribution - Sec. 153.210. LIMITATION ON DISTRIBUTION. (a) Unless the distribution is...

Subchapter F. Partnership Interest

Section 153.251. Assignment of Partnership Interest - Sec. 153.251. ASSIGNMENT OF PARTNERSHIP INTEREST. (a) Except as otherwise...

Section 153.252. Rights of Assignor - Sec. 153.252. RIGHTS OF ASSIGNOR. (a) Except as otherwise provided...

Section 153.253. Rights of Assignee - Sec. 153.253. RIGHTS OF ASSIGNEE. (a) An assignee of a...

Section 153.254. Liability of Assignee - Sec. 153.254. LIABILITY OF ASSIGNEE. (a) Until an assignee of...

Section 153.255. Liability of Assignor - Sec. 153.255. LIABILITY OF ASSIGNOR. Regardless of whether an assignee...

Section 153.256. Partner's Partnership Interest Subject to Charging Order - Sec. 153.256. PARTNER'S PARTNERSHIP INTEREST SUBJECT TO CHARGING ORDER. (a)...

Section 153.257. Exemption Laws Applicable to Partnership Interest Not Affected - Sec. 153.257. EXEMPTION LAWS APPLICABLE TO PARTNERSHIP INTEREST NOT AFFECTED....

Subchapter G. Reports

Section 153.301. Periodic Report - Sec. 153.301. PERIODIC REPORT. The secretary of state may require...

Section 153.302. Form and Contents of Report - Sec. 153.302. FORM AND CONTENTS OF REPORT. (a) The report...

Section 153.303. Filing Fee - Sec. 153.303. FILING FEE. The filing fee for the report...

Section 153.304. Delivery of Report - Sec. 153.304. DELIVERY OF REPORT. The report must be delivered...

Section 153.305. Action by Secretary of State - Sec. 153.305. ACTION BY SECRETARY OF STATE. (a) The secretary...

Section 153.306. Effect of Filing Report - Sec. 153.306. EFFECT OF FILING REPORT. (a) If the secretary...

Section 153.307. Effect of Failure to File Report - Sec. 153.307. EFFECT OF FAILURE TO FILE REPORT. (a) A...

Section 153.308. Notice of Forfeiture of Right to Transact Business - Sec. 153.308. NOTICE OF FORFEITURE OF RIGHT TO TRANSACT BUSINESS....

Section 153.309. Effect of Forfeiture of Right to Transact Business - Sec. 153.309. EFFECT OF FORFEITURE OF RIGHT TO TRANSACT BUSINESS....

Section 153.310. Revival of Right to Transact Business - Sec. 153.310. REVIVAL OF RIGHT TO TRANSACT BUSINESS. (a) A...

Section 153.311. Termination of Certificate or Revocation of Registration After Forfeiture - Sec. 153.311. TERMINATION OF CERTIFICATE OR REVOCATION OF REGISTRATION AFTER...

Section 153.312. Reinstatement of Certificate of Formation or Registration - Sec. 153.312. REINSTATEMENT OF CERTIFICATE OF FORMATION OR REGISTRATION. (a)...

Subchapter H. Limited Partnership as Limited Liability Partnership

Section 153.351. Requirements - Sec. 153.351. REQUIREMENTS. A limited partnership is a limited liability...

Section 153.352. Applicability of Other Requirements - Sec. 153.352. APPLICABILITY OF OTHER REQUIREMENTS. For purposes of applying...

Section 153.353. Law Applicable to Partners - Sec. 153.353. LAW APPLICABLE TO PARTNERS. If a limited partnership...

Subchapter I. Derivative Actions

Section 153.401. Definitions - Sec. 153.401. DEFINITIONS. In this subchapter: (1) "Derivative proceeding" means...

Section 153.402. Standing to Bring Proceeding - Sec. 153.402. STANDING TO BRING PROCEEDING. (a) Subject to Subsection...

Section 153.403. Demand - Sec. 153.403. DEMAND. (a) A limited partner may not institute...

Section 153.404. Determination by Independent Persons - Sec. 153.404. DETERMINATION BY INDEPENDENT PERSONS. (a) A determination of...

Section 153.405. Stay of Proceeding - Sec. 153.405. STAY OF PROCEEDING. (a) If the limited partnership...

Section 153.406. Discovery - Sec. 153.406. DISCOVERY. (a) If a limited partnership proposes to...

Section 153.407. Tolling of Statute of Limitations - Sec. 153.407. TOLLING OF STATUTE OF LIMITATIONS. A written demand...

Section 153.408. Dismissal of Derivative Proceeding - Sec. 153.408. DISMISSAL OF DERIVATIVE PROCEEDING. (a) A court, sitting...

Section 153.409. Allegations After Demand Rejected - Sec. 153.409. ALLEGATIONS AFTER DEMAND REJECTED. If a derivative proceeding...

Section 153.410. Discontinuance or Settlement - Sec. 153.410. DISCONTINUANCE OR SETTLEMENT. (a) A derivative proceeding may...

Section 153.411. Payment of Expenses - Sec. 153.411. PAYMENT OF EXPENSES. (a) In this section, "expenses"...

Section 153.412. Application to Foreign Limited Partnerships - Sec. 153.412. APPLICATION TO FOREIGN LIMITED PARTNERSHIPS. (a) In a...

Section 153.413. Closely Held Limited Partnership - Sec. 153.413. CLOSELY HELD LIMITED PARTNERSHIP. (a) In this section,...

Subchapter K. Supplemental Winding Up and Termination Provisions

Section 153.501. Cancellation or Revocation of Event Requiring Winding Up; Continuation of Business - Sec. 153.501. CANCELLATION OR REVOCATION OF EVENT REQUIRING WINDING UP;...

Section 153.502. Winding Up Procedures - Sec. 153.502. WINDING UP PROCEDURES. (a) Except as provided by...

Section 153.503. Powers of Person Conducting Wind Up - Sec. 153.503. POWERS OF PERSON CONDUCTING WIND UP. (a) After...

Section 153.504. Disposition of Assets - Sec. 153.504. DISPOSITION OF ASSETS. On the winding up of...

Section 153.505. Approval of Reinstatement - Sec. 153.505. APPROVAL OF REINSTATEMENT. To approve a reinstatement of...

Subchapter L. Miscellaneous Provisions

Section 153.551. Records - Sec. 153.551. RECORDS. (a) A domestic limited partnership shall maintain...

Section 153.552. Examination of Records and Information - Sec. 153.552. EXAMINATION OF RECORDS AND INFORMATION. (a) On written...

Section 153.5521. Penalty for Refusal to Permit Examination of Certain Records - Sec. 153.5521. PENALTY FOR REFUSAL TO PERMIT EXAMINATION OF CERTAIN...

Section 153.553. Execution of Filings - Sec. 153.553. EXECUTION OF FILINGS. (a) Except as provided by...

Section 153.554. Execution, Amendment, or Cancellation by Judicial Order - Sec. 153.554. EXECUTION, AMENDMENT, OR CANCELLATION BY JUDICIAL ORDER. (a)...

Section 153.555. Permitted Transfer in Connection With Racetrack License - Sec. 153.555. PERMITTED TRANSFER IN CONNECTION WITH RACETRACK LICENSE. The...

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Texas Statutes Title 4 - Partnerships Chapter 153 - Limited Partnerships

Texas Statutes
Title 4 - Partnerships
Chapter 153 - Limited Partnerships