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Texas Business Organizations Code

§ 154.204 — IRREVOCABLE POWER OF ATTORNEY

BO § 154.204Title 4. PARTNERSHIPS · Ch. 154. PROVISIONS APPLICABLE TO BOTH GENERAL AND LIMITED PARTNERSHIPS · Art. C. PARTNERSHIP TRANSACTIONS AND RELATIONSHIPS

Statute text

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(a)This section applies only to:
(1)a power of attorney with respect to matters relating to the organization, internal affairs, or termination of a partnership; or
(2)a power of attorney granted by:
(A)a person as a partner of or a transferee or assignee of a partnership interest in a partnership; or
(B)a person seeking to become a partner of or a transferee or assignee of a partnership interest in a partnership.
(b)A power of attorney is irrevocable for all purposes if the power of attorney:
…

Legislative history

Added by Acts 2015, 84th Leg., R.S., Ch. 23 (S.B. 859), Sec. 7, eff. September 1, 2015.

Source: Texas Business Organizations Code § 154.204 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.