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Texas Business Organizations Code

§ 153.005 — WAIVER OR MODIFICATION OF RIGHTS OF THIRD PARTIES

BO § 153.005Title 4. PARTNERSHIPS · Ch. 153. LIMITED PARTNERSHIPS · Art. A. GENERAL PROVISIONS

Statute text

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A provision in this title or in that part of Title 1 applicable to a limited partnership that grants a right to a person, other than a general partner, a limited partner, or assignee of a partnership interest in a limited partnership, may be waived or modified in the partnership agreement of the limited partnership only if the person consents to the waiver or modification.

Legislative history

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

Source: Texas Business Organizations Code § 153.005 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.