Texas Business Organizations Code
§ 153.151 — ADMISSION OF GENERAL PARTNERS
BO § 153.151Title 4. PARTNERSHIPS · Ch. 153. LIMITED PARTNERSHIPS · Art. D. GENERAL PARTNERS
Statute text
View on source(a)After a limited partnership is formed, additional general partners may be admitted:
(1)in the manner provided by a written partnership agreement; or
(2)if a written partnership agreement does not provide for the admission of additional general partners, with the written consent of all partners. (a-1) On formation of a limited partnership, a person becomes a general partner if the person:
(1)has entered into the partnership agreement as a general partner; and
(2)is named as a general partner in the certificate of formation of the limited partnership.
(b)A person may be a general partner unless the person lacks capacity apart from this chapter.
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Legislative history
Acts 2005, 79th Leg., Ch. 64 (H.B. 1319), Sec. 87, eff. January 1, 2006. Acts 2005, 79th Leg., Ch. 64 (H.B. 1319), Sec. 88, eff. January 1, 2006. Acts 2021, 87th Leg., R.S., Ch. 39 (S.B. 1203), Sec. 31, eff. September 1, 2021.