Tex. Bus. Orgs. Code § 152.051 · Subchapter B. NATURE AND CREATION OF PARTNERSHIP
PARTNERSHIP DEFINED.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) In this section, "association" does not have the meaning of the term "association" under Section 1.002.
(b) Except as provided by Subsection (c) and Section 152.053(a), an association of two or more persons to carry on a business for profit as owners creates a partnership, regardless of whether:
(1) the persons intend to create a partnership; or
(2) the association is called a "partnership," "joint venture," or other name.
(c) An association or organization is not a partnership if it was created under a statute other than:
(1) this title and the provisions of Title 1 applicable to partnerships and limited partnerships;
(2) a predecessor to a statute referred to in Subdivision (1); or
(3) a comparable statute of another jurisdiction.
(d) The provisions of this chapter govern limited partnerships only to the extent provided by Sections 153.003 and 153.152 and Subchapter H, Chapter 153.
Notes and commentary — not statutory text
History
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/BO/htm/BO.152.htm
- Text hash
- sha256 b4d2478edbc37d611126a0164699c9eefcc356152f80f0378807ddb97591b41a
- 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 tit. 1GENERAL PROVISIONSPrinted as Title 1
- Tex. Bus. Orgs. Code § 1.002DEFINITIONS.Printed as Section 1.002
- Tex. Bus. Orgs. Code § 152.053QUALIFICATIONS TO BE PARTNER; NONPARTNER'S LIABILITY TO THIRD PERSON.Printed as Section 152.053(a)
- Tex. Bus. Orgs. Code § 153.003APPLICABILITY OF OTHER LAWS.Printed as Sections 153.003 and 153.152
- Tex. Bus. Orgs. Code § 153.152GENERAL POWERS AND LIABILITIES OF GENERAL PARTNER.Printed as Sections 153.003 and 153.152
Cited by 1 provision
Provisions in this library whose text cites Tex. Bus. Orgs. Code § 152.051. Each shows the citation as that text prints it.
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.