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Texas Business Organizations Code

§ 153.407 — TOLLING OF STATUTE OF LIMITATIONS

BO § 153.407Title 4. PARTNERSHIPS · Ch. 153. LIMITED PARTNERSHIPS · Art. I. DERIVATIVE ACTIONS

Statute text

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A written demand filed with the limited partnership under Section 153.403 tolls the statute of limitations on the claim on which demand is made until the later of:
(1)the 31st day after the expiration of any waiting period under Section 153.403; or
(2)the 31st day after the expiration of any stay granted under Section 153.405, including all continuations of the stay.

Legislative history

Added by Acts 2019, 86th Leg., R.S., Ch. 899 (H.B. 3603), Sec. 30, eff. September 1, 2019.

Source: Texas Business Organizations Code § 153.407 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.