Sec. 152.211. REMEDIES OF PARTNERSHIP AND PARTNERS. (a) A partnership may maintain an action against a partner for a breach of the partnership agreement or for the violation of a duty to the partnership causing harm to the partnership.
(b) A partner may maintain an action against the partnership or another partner for legal or equitable relief, including an accounting of partnership business, to:
(1) enforce a right under the partnership agreement;
(2) enforce a right under this chapter, including:
(A) the partner's rights under Sections 152.201-152.209, 152.212, and 152.213;
(B) the partner's right on withdrawal to have the partner's interest in the partnership redeemed under Subchapter H or to enforce any other right under Subchapters G and H; and
(C) the partner's rights under Subchapter I;
(3) enforce the rights and otherwise protect the interests of the partner, including rights and interests arising independently of the partnership relationship; or
(4) enforce a right under Chapter 11.
(c) The accrual of and a time limitation on a right of action for a remedy under this section is governed by other applicable law.
(d) A right to an accounting does not revive a claim barred by law.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Structure Texas Statutes
Chapter 152 - General Partnerships
Subchapter D. Relationship Between Partners and Between Partners and Partnerships
Section 152.201. Admission as Partner
Section 152.202. Credits of and Charges to Partner
Section 152.203. Rights and Duties of Partner
Section 152.204. General Standards of Partner's Conduct
Section 152.205. Partner's Duty of Loyalty
Section 152.206. Partner's Duty of Care
Section 152.207. Standards of Conduct Applicable to Person Winding Up Partnership Business
Section 152.209. Decision-Making Requirement
Section 152.210. Partner's Liability to Partnership and Other Partners
Section 152.211. Remedies of Partnership and Partners
Section 152.212. Books and Records of Partnership
Section 152.213. Information Regarding Partnership
Section 152.214. Certain Third-Party Obligations Not Affected