Tex. Bus. Orgs. Code § 152.704 · Subchapter I. SUPPLEMENTAL WINDING UP AND TERMINATION PROVISIONS
BINDING EFFECT OF PARTNER'S ACTION AFTER EVENT REQUIRING WINDING UP.
Text — Current through the 89th 2nd Called Legislative Session, 2025
After the occurrence of an event requiring winding up of the partnership business, a partnership is bound by a partner's act that:
(1) is appropriate for winding up; or
(2) would bind the partnership under Sections 152.301 and 152.302 before the occurrence of the event requiring winding up, if the other party to the transaction does not have notice that an event requiring winding up has occurred.
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 64cd8567ee2a420ccecb97c7188f73b55582cffe78f0c2632a631e1778a58eb4
- 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
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