Sec. 152.502. EFFECT OF EVENT OF WITHDRAWAL ON PARTNERSHIP AND OTHER PARTNERS. A partnership continues after an event of withdrawal. The event of withdrawal affects the relationships among the withdrawn partner, the partnership, and the continuing partners as provided by Sections 152.503-152.506 and Subchapter H.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Structure Texas Statutes
Chapter 152 - General Partnerships
Subchapter G. Withdrawal of Partner
Section 152.501. Events of Withdrawal
Section 152.502. Effect of Event of Withdrawal on Partnership and Other Partners
Section 152.503. Wrongful Withdrawal; Liability
Section 152.504. Withdrawn Partner's Power to Bind Partnership
Section 152.505. Effect of Withdrawal on Partner's Existing Liability
Section 152.506. Liability of Withdrawn Partner to Third Party