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Texas Business Organizations Code

§ 152.306 — ENFORCEMENT OF REMEDY

BO § 152.306Title 4. PARTNERSHIPS · Ch. 152. GENERAL PARTNERSHIPS · Art. E. RELATIONSHIP BETWEEN PARTNERS AND OTHER PERSONS

Statute text

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(a)A judgment against a partnership is not by itself a judgment against a partner. A judgment may be entered against a partner who has been served with process in a suit against the partnership.
(b)Except as provided by Subsection (c), a creditor may proceed against the property of one or more partners to satisfy a judgment based on a claim against the partnership only if a judgment:
(1)is obtained against the partner; and
(2)based on the same claim:
(A)is obtained against the partnership;
(B)has not been reversed or vacated; and

Legislative history

Acts 2019, 86th Leg., R.S., Ch. 658 (S.B. 1859), Sec. 12, eff. September 1, 2019.

Source: Texas Business Organizations Code § 152.306 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.