Sec. 153.401. DEFINITIONS. In this subchapter:
(1) "Derivative proceeding" means a civil suit in the right of a domestic limited partnership or, to the extent provided by Section 153.412, in the right of a foreign limited partnership.
(2) "Limited partner" means a person who is a limited partner or is an assignee of a partnership interest, including the partnership interest of a general partner.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Amended by:
Acts 2019, 86th Leg., R.S., Ch. 899 (H.B. 3603), Sec. 25, eff. September 1, 2019.
Structure Texas Statutes
Chapter 153 - Limited Partnerships
Subchapter I. Derivative Actions
Section 153.402. Standing to Bring Proceeding
Section 153.404. Determination by Independent Persons
Section 153.405. Stay of Proceeding
Section 153.407. Tolling of Statute of Limitations
Section 153.408. Dismissal of Derivative Proceeding
Section 153.409. Allegations After Demand Rejected
Section 153.410. Discontinuance or Settlement
Section 153.411. Payment of Expenses
Section 153.412. Application to Foreign Limited Partnerships