Tex. Bus. Orgs. Code § 151.003 · Chapter 151. GENERAL PROVISIONS
NOTICE OF FACT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) For purposes of this title, a person has notice of a fact if the person:
(1) has knowledge of the fact;
(2) has received a communication of the fact as provided by Subsection (c); or
(3) reasonably should have concluded, from all facts then known to that person, that the fact exists.
(b) A person notifies or gives notice to another person of a fact by taking actions reasonably required to inform the other person of the fact in the ordinary course of business, regardless of whether the other person actually has knowledge of the fact.
(c) A person is notified or receives notice of a fact when the fact is communicated to:
(1) the person;
(2) the person's place of business; or
(3) another place held out by the person as the place for receipt of communications.
(d) Receipt of notice by a general partner of a fact relating to the partnership is effective immediately as notice to the partnership unless fraud against the partnership is committed by or with the consent of the partner receiving the notice.
Notes and commentary — not statutory text
History
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Amended by:
Acts 2011, 82nd Leg., R.S., Ch. 139 (S.B. 748), Sec. 41, eff. September 1, 2011.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/BO/htm/BO.151.htm
- Text hash
- sha256 73869504bcb3373f92a11ac97523b616b044a940e4d2c1eab29c15dc47911ef6
- 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
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.