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Texas Business Organizations Code

§ 154.202 — EFFECT OF PARTNER CHANGE ON RELATIONSHIP BETWEEN PARTNERSHIP AND CREDITORS

BO § 154.202Title 4. PARTNERSHIPS · Ch. 154. PROVISIONS APPLICABLE TO BOTH GENERAL AND LIMITED PARTNERSHIPS · Art. C. PARTNERSHIP TRANSACTIONS AND RELATIONSHIPS

Statute text

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The relationships between a partnership and its creditors are not affected by the:
(1)withdrawal of a partner; or
(2)addition of a new partner.

Legislative history

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

Source: Texas Business Organizations Code § 154.202 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.