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Texas Business Organizations Code

§ 152.307 — EXTENSION OF CREDIT IN RELIANCE ON FALSE REPRESENTATION

BO § 152.307Title 4. PARTNERSHIPS · Ch. 152. GENERAL PARTNERSHIPS · Art. E. RELATIONSHIP BETWEEN PARTNERS AND OTHER PERSONS

Statute text

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(a)The rights of a person extending credit in reliance on a representation described by Section 152.054 are determined by applicable law other than this chapter and the other partnership provisions, including the law of estoppel, agency, negligence, fraud, and unjust enrichment.
(b)The rights and duties of a person held liable under Subsection (a) are also determined by law other than the law described by Subsection (a).

Legislative history

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

Source: Texas Business Organizations Code § 152.307 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.