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Texas Business Organizations Code

§ 152.405 — POWER TO EFFECT TRANSFER OR GRANT OF SECURITY INTEREST

BO § 152.405Title 4. PARTNERSHIPS · Ch. 152. GENERAL PARTNERSHIPS · Art. F. TRANSFER OF PARTNERSHIP INTERESTS

Statute text

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A partnership is not required to give effect to a transfer prohibited by a partnership agreement.

Legislative history

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

Source: Texas Business Organizations Code § 152.405 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.