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Texas Business Organizations Code

§ 153.209 — INTERIM DISTRIBUTIONS

BO § 153.209Title 4. PARTNERSHIPS · Ch. 153. LIMITED PARTNERSHIPS · Art. E. FINANCES

Statute text

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Except as otherwise provided by this section and Section 153.210, a partner is entitled to receive a distribution from a limited partnership to the extent and at the time or on the occurrence of an event specified in the partnership agreement before:
(1)the partner withdraws from the partnership; and
(2)the winding up of the partnership business.

Legislative history

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

Source: Texas Business Organizations Code § 153.209 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.