Tex. Bus. Orgs. Code § 152.708 · Subchapter I. SUPPLEMENTAL WINDING UP AND TERMINATION PROVISIONS
CONTRIBUTIONS TO DISCHARGE OBLIGATIONS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Except as provided by Sections 152.304(b) and 152.801, to the extent not taken into account in settling the accounts among partners under Section 152.707:
(1) each partner shall contribute, in the proportion in which the partner shares partnership losses, the amount necessary to satisfy partnership obligations, excluding liabilities that creditors have agreed may be satisfied only with partnership property without recourse to individual partners;
(2) if a partner fails to contribute, the other partners shall contribute the additional amount necessary to satisfy the partnership obligations in the proportions in which the partners share partnership losses; and
(3) a partner or partner's legal representative may enforce or recover from the other partners, or from the estate of a deceased partner, contributions the partner or estate makes to the extent the amount contributed exceeds that partner's or the estate's share of the partnership obligations.
(b) The estate of a deceased partner is liable for the partner's obligation to contribute to the partnership.
(c) The following persons may enforce the obligation of a partner or the estate of a deceased partner to contribute to a partnership:
(1) the partnership;
(2) an assignee for the benefit of creditors of a partnership or a partner; or
(3) a person appointed by a court to represent creditors of a partnership or a partner.
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 570a5e6c157e4e0f33da219eeb64b1898a358417fc81214e13e401ec0927e8e8
- 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 § 152.708. Each shows the citation as that text prints it.
Business Organizations Code
- Tex. Bus. Orgs. Code § 152.603CONTRIBUTION OBLIGATION.Printed as Section 152.707 or 152.708
- Tex. Bus. Orgs. Code § 152.705PARTNER'S LIABILITY TO OTHER PARTNERS AFTER EVENT REQUIRING WINDING UP.Printed as Section 152.708(a)
- Tex. Bus. Orgs. Code § 152.706DISPOSITION OF ASSETS.Printed as Sections 152.707 and 152.708
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.