Texas Business Organizations Code

§ 152.211 — REMEDIES OF PARTNERSHIP AND PARTNERS

BO § 152.211Title 4. PARTNERSHIPS · Ch. 152. GENERAL PARTNERSHIPS · Art. D. RELATIONSHIP BETWEEN PARTNERS AND BETWEEN PARTNERS AND PARTNERSHIPS

Statute text

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(a)A partnership may maintain an action against a partner for a breach of the partnership agreement or for the violation of a duty to the partnership causing harm to the partnership.

(b)A partner may maintain an action against the partnership or another partner for legal or equitable relief, including an accounting of partnership business, to:

(1)enforce a right under the partnership agreement;

(2)enforce a right under this chapter, including:

(A)the partner's rights under Sections 152.201-152.209, 152.212, and 152.213;

(B)the partner's right on withdrawal to have the partner's interest in the partnership redeemed under Subchapter H or to enforce any other right under Subchapters G and H; and

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Legislative history

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