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Texas Business Organizations Code

§ 152.053 — QUALIFICATIONS TO BE PARTNER; NONPARTNER'S LIABILITY TO THIRD PERSON

BO § 152.053Title 4. PARTNERSHIPS · Ch. 152. GENERAL PARTNERSHIPS · Art. B. NATURE AND CREATION OF PARTNERSHIP

Statute text

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(a)A person may be a partner unless the person lacks capacity apart from this chapter.
(b)Except as provided by Section 152.307, a person who is not a partner in a partnership under Section 152.051 is not a partner as to a third person and is not liable to a third person under this chapter.

Legislative history

Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.

Source: Texas Business Organizations Code § 152.053 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.