Tex. Bus. Orgs. Code § 152.209 · Subchapter D. RELATIONSHIP BETWEEN PARTNERS AND BETWEEN PARTNERS AND PARTNERSHIPS
DECISION-MAKING REQUIREMENT.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A difference arising in a matter in the ordinary course of the partnership business may be decided by a majority-in-interest of the partners.
(b) An act outside the ordinary course of business of a partnership may be undertaken only with the consent of all partners.
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 0088cb020ab251873815412b5cfd70cf79f14caa108bc7b99dbda52fa8637d96
- 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.