Sec. 153.407. TOLLING OF STATUTE OF LIMITATIONS. A written demand filed with the limited partnership under Section 153.403 tolls the statute of limitations on the claim on which demand is made until the later of:
(1) the 31st day after the expiration of any waiting period under Section 153.403; or
(2) the 31st day after the expiration of any stay granted under Section 153.405, including all continuations of the stay.
Added by Acts 2019, 86th Leg., R.S., Ch. 899 (H.B. 3603), Sec. 30, 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