Texas Business Organizations Code

§ 153.201 — FORM OF CONTRIBUTION

BO § 153.201Title 4. PARTNERSHIPS · Ch. 153. LIMITED PARTNERSHIPS · Art. E. FINANCES

Statute text

The contribution of a partner may consist of a tangible or intangible benefit to the limited partnership or other property of any kind or nature, including:

(1)cash;

(2)a promissory note;

(3)services performed;

(4)a contract for services to be performed; and

(5)another interest in or security of the limited partnership, another domestic or foreign limited partnership, or other entity. Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006. Amended by:

Legislative history

Acts 2005, 79th Leg., Ch. 64 (H.B. 1319), Sec. 89, eff. January 1, 2006.