Tex. Bus. Orgs. Code § 152.604 · Subchapter H. REDEMPTION OF WITHDRAWING PARTNER'S OR TRANSFEREE'S INTEREST
SETOFF FOR CERTAIN DAMAGES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
The partnership may set off against the redemption price payable to the withdrawn partner the damages for wrongful withdrawal under Section 152.503(b) and all other amounts owed by the withdrawn partner to the partnership, whether currently due, including interest.
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 8c44bd0d66d519ce1de6c0393d3a116c192c3be474a35201ae4b0d653e019cde
- 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
Cited by 3 provisions
Provisions in this library whose text cites Tex. Bus. Orgs. Code § 152.604. Each shows the citation as that text prints it.
Business Organizations Code
- Tex. Bus. Orgs. Code § 152.605ACCRUAL OF INTEREST.Printed as Sections 152.602-152.604
- Tex. Bus. Orgs. Code § 152.607DEMAND OR PAYMENT OF ESTIMATED REDEMPTION.Printed as Section 152.603 or 152.604 | Section 152.604
- Tex. Bus. Orgs. Code § 152.609ACTION TO DETERMINE TERMS OF REDEMPTION.Printed as Section 152.603 or 152.604
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.