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Texas Business Organizations Code

§ 152.210 — PARTNER'S LIABILITY TO PARTNERSHIP AND OTHER PARTNERS

BO § 152.210Title 4. PARTNERSHIPS · Ch. 152. GENERAL PARTNERSHIPS · Art. D. RELATIONSHIP BETWEEN PARTNERS AND BETWEEN PARTNERS AND PARTNERSHIPS

Statute text

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A partner is liable to a partnership and the other partners for:
(1)a breach of the partnership agreement; or
(2)a violation of a duty to the partnership or other partners under this chapter that causes harm to the partnership or the other partners.

Legislative history

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

Source: Texas Business Organizations Code § 152.210 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.