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Texas Business Organizations Code

§ 152.006 — CERTAIN PROVISIONS APPLICABLE TO PARTNERSHIPS TRADED ON A NATIONAL SECURITIES EXCHANGE

BO § 152.006Title 4. PARTNERSHIPS · Ch. 152. GENERAL PARTNERSHIPS · Art. A. GENERAL PROVISIONS

Statute text

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(a)The provisions of Sections 152.002(e) and 153.163 apply only to a partnership that has a class or series of partnership interests listed on a national securities exchange.
(b)This section may not be construed as prohibiting any partnership from adopting, in its partnership agreement, provisions that duplicate the effect of Sections 152.002(e) and 153.163, regardless of whether the partnership has a class or series of partnership interests listed on a national securities exchange.

Legislative history

Added by Acts 2025, 89th Leg., R.S., Ch. 21 (S.B. 29), Sec. 22, eff. May 14, 2025.

Source: Texas Business Organizations Code § 152.006 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.