Sec. 152.703. RIGHTS AND DUTIES OF PERSON WINDING UP PARTNERSHIP BUSINESS. (a) To the extent appropriate for winding up, as soon as reasonably practicable, and in the name of and for and on behalf of the partnership, a person winding up a partnership's business may take the actions specified in Sections 11.052, 11.053, and 11.055.
(b) Section 11.052(a)(2) shall not be applicable to a partnership.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Structure Texas Statutes
Chapter 152 - General Partnerships
Subchapter I. Supplemental Winding Up and Termination Provisions
Section 152.701. Effect of Event Requiring Winding Up
Section 152.702. Persons Eligible to Wind Up Partnership Business
Section 152.703. Rights and Duties of Person Winding Up Partnership Business
Section 152.704. Binding Effect of Partner's Action After Event Requiring Winding Up
Section 152.705. Partner's Liability to Other Partners After Event Requiring Winding Up
Section 152.706. Disposition of Assets
Section 152.707. Settlement of Accounts