Tex. Bus. Orgs. Code § 152.402 · Subchapter F. TRANSFER OF PARTNERSHIP INTERESTS
GENERAL EFFECT OF TRANSFER.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
A transfer of all or part of a partner's partnership interest:
(1) is not an event of withdrawal;
(2) does not by itself cause a winding up of the partnership business; and
(3) against the other partners or the partnership, does not entitle the transferee, during the continuance of the partnership, to participate in the management or conduct of the partnership business.
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 cfb6a5943f2846047f90b5ee7b0925b34d4e875ddb2eea217a79bdb9f04bef45
- 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.