Tex. Bus. Orgs. Code § 153.004 · Subchapter A. GENERAL PROVISIONS
NONWAIVABLE TITLE 1 PROVISIONS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Except as provided by this section, the following provisions of Title 1 may not be waived or modified in the partnership agreement of a limited partnership:
(1) Chapter 1, if the provision is used to interpret a provision or define a word or phrase contained in a section listed in this subsection;
(2) Chapter 2, other than Section 2.104(c)(2), 2.104(c)(3), or 2.113;
(3) Chapter 3, other than Subchapters C and E of that chapter and Section 3.151 (provided, that in all events a partnership agreement may not validly waive or modify Section 153.551 or unreasonably restrict a partner's or assignee's rights under Section 153.552); or
(4) Chapter 4, 5, 10, 11, or 12, other than Section 11.058.
(b) A provision listed in Subsection (a) may be waived or modified in the partnership agreement if the provision that is waived or modified authorizes the limited partnership to waive or modify the provision in the limited partnership's governing documents.
(c) A provision listed in Subsection (a) may be modified in the partnership agreement if the provision that is modified specifies:
(1) the person or group of persons who are entitled to approve a modification; or
(2) the vote or other method by which a modification is required to be approved.
Notes and commentary — not statutory text
History
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Amended by:
Acts 2011, 82nd Leg., R.S., Ch. 139 (S.B. 748), Sec. 51, eff. September 1, 2011.
Acts 2023, 88th Leg., R.S., Ch. 27 (S.B. 1514), Sec. 55, eff. September 1, 2023.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/BO/htm/BO.153.htm
- Text hash
- sha256 6373d5185446c3248fb10c602dabb92bdb699cd946628d5fd8dc772a79f1eddd
- 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
- Tex. Bus. Orgs. Code tit. 1GENERAL PROVISIONSPrinted as Title 1
- Tex. Bus. Orgs. Code ch. 1DEFINITIONS AND OTHER GENERAL PROVISIONSPrinted as Chapter 1
- Tex. Bus. Orgs. Code ch. 2PURPOSES AND POWER OF DOMESTIC ENTITYPrinted as Chapter 2
- Tex. Bus. Orgs. Code § 2.104POWER TO MAKE GUARANTIES.Printed as Section 2.104(c)(2), 2.104(c)(3), or 2.113
- Tex. Bus. Orgs. Code § 2.113LIMITATION ON POWERS.Printed as Section 2.104(c)(2), 2.104(c)(3), or 2.113
- Tex. Bus. Orgs. Code ch. 3FORMATION AND GOVERNANCEPrinted as Chapter 3
- Tex. Bus. Orgs. Code § 3.151BOOKS AND RECORDS FOR ALL FILING ENTITIES.Printed as Section 3.151
- Tex. Bus. Orgs. Code ch. 4FILINGSPrinted as Chapter 4
- Tex. Bus. Orgs. Code § 11.058SUPPLEMENTAL PROVISION FOR LIMITED PARTNERSHIP.Printed as Section 11.058
- Tex. Bus. Orgs. Code § 153.551RECORDS.Printed as Section 153.551
- Tex. Bus. Orgs. Code § 153.552EXAMINATION OF RECORDS.Printed as Section 153.552
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.