Tex. Bus. Orgs. Code § 11.058 · Subchapter B. WINDING UP OF DOMESTIC ENTITY
SUPPLEMENTAL PROVISION FOR LIMITED PARTNERSHIP.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A voluntary decision to wind up a domestic limited partnership requires the written consent of all partners in the limited partnership unless otherwise provided by the partnership agreement. The voluntary decision to wind up may be revoked in accordance with Sections 11.151 and 153.501(d).
(b) An event of withdrawal of a general partner of a domestic limited partnership is an event requiring winding up under Section 11.051(4) unless otherwise provided by the partnership agreement. The event requiring winding up specified in this subsection may be canceled in accordance with Sections 11.152(a) and 153.501(b).
(c) An event requiring winding up of a limited partnership under Section 11.051(4) includes when there are no limited partners in the limited partnership. The event requiring winding up specified in this subsection may be canceled in accordance with Sections 11.152(a) and 153.501(e).
Notes and commentary — not statutory text
History
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 688 (H.B. 1737), Sec. 64, eff. September 1, 2007.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/BO/htm/BO.11.htm
- Text hash
- sha256 82b7edb547369e07720f4f545fd8ab68ffc74d0a96e40144ba5c943c478471df
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Business Organizations Code
- Tex. Bus. Orgs. Code § 11.051EVENT REQUIRING WINDING UP OF DOMESTIC ENTITY.Printed as Section 11.051(4)
- Tex. Bus. Orgs. Code § 11.151REVOCATION OF VOLUNTARY WINDING UP.Printed as Sections 11.151 and 153.501(d)
- Tex. Bus. Orgs. Code § 11.152CONTINUATION OF BUSINESS WITHOUT WINDING UP.Printed as Sections 11.152(a) and 153.501(b) | Sections 11.152(a) and 153.501(e)
- Tex. Bus. Orgs. Code § 153.501CANCELLATION OR REVOCATION OF EVENT REQUIRING WINDING UP; CONTINUATION OF BUSINESS.Printed as Sections 11.151 and 153.501(d) | Sections 11.152(a) and 153.501(b) | Sections 11.152(a) and 153.501(e)
Cited by 3 provisions
Provisions in this library whose text cites Tex. Bus. Orgs. Code § 11.058. Each shows the citation as that text prints it.
Business Organizations Code
- Tex. Bus. Orgs. Code § 101.617PROCEDURES FOR WINDING UP AND TERMINATION OF PROTECTED SERIES OR REGISTERED SERIES.Printed as Sections 11.051, 11.056, 11.057, 11.058, and 11.059
- Tex. Bus. Orgs. Code § 153.004NONWAIVABLE TITLE 1 PROVISIONS.Printed as Section 11.058
- Tex. Bus. Orgs. Code § 153.501CANCELLATION OR REVOCATION OF EVENT REQUIRING WINDING UP; CONTINUATION OF BUSINESS.Printed as Section 11.058(a) | Section 11.058(b) | Section 11.058(c)
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.