Texas Business Organizations Code
§ 152.801 — LIABILITY OF PARTNER
BO § 152.801Title 4. PARTNERSHIPS · Ch. 152. GENERAL PARTNERSHIPS · Art. J. LIMITED LIABILITY PARTNERSHIPS
Statute text
View on source(a)Except as provided by the partnership agreement, a partner is not personally liable to any person, including a partner, directly or indirectly, by contribution, indemnity, or otherwise, for any obligation of the partnership incurred while the partnership is a limited liability partnership.
(b)Sections 2.101(1), 152.305, and 152.306 do not limit the effect of Subsection (a) in a limited liability partnership.
(c)For purposes of this section, an obligation is incurred while a partnership is a limited liability partnership if:
(1)the obligation relates to an action or omission occurring while the partnership is a limited liability partnership; or
(2)the obligation arises under a contract or commitment entered into while the partnership is a limited liability partnership.
(d)Subsection (a) does not affect:
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Legislative history
Acts 2009, 81st Leg., R.S., Ch. 84 (S.B. 1442), Sec. 47, eff. September 1, 2009. Acts 2011, 82nd Leg., R.S., Ch. 139 (S.B. 748), Sec. 46, eff. September 1, 2011.