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Texas Business Organizations Code

§ 153.258 — SUBSCRIPTIONS

BO § 153.258Title 4. PARTNERSHIPS · Ch. 153. LIMITED PARTNERSHIPS · Art. F. PARTNERSHIP INTEREST

Statute text

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(a)A subscription to purchase a partnership interest in a limited partnership in the process of being formed is irrevocable to the extent provided by the terms of the subscription if:
(1)the subscription is in writing and signed by the subscriber; and
(2)the subscription states that it is irrevocable.
(b)A written subscription entered into after the limited partnership is formed is a contract between the subscriber and the partnership.

Legislative history

Added by Acts 2025, 89th Leg., R.S., Ch. 199 (S.B. 2411), Sec. 51, eff. September 1, 2025.

Source: Texas Business Organizations Code § 153.258 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.