Tex. Bus. Orgs. Code § 153.309 · Subchapter G. REPORTS
EFFECT OF FORFEITURE OF RIGHT TO TRANSACT BUSINESS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Unless the right of the limited partnership to transact business is revived in accordance with Section 153.310:
(1) the limited partnership may not maintain an action, suit, or proceeding in a court of this state; and
(2) a successor or assignee of the limited partnership may not maintain an action, suit, or proceeding in a court of this state on a right, claim, or demand arising from the transaction of business by the limited partnership in this state.
(b) The forfeiture of the right to transact business in this state does not:
(1) impair the validity of a contract or act of the limited partnership; or
(2) prevent the limited partnership from defending an action, suit, or proceeding in a court of this state.
(c) This section and Sections 153.307 and 153.308 do not affect the liability of a limited partner.
Notes and commentary — not statutory text
History
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Amended by:
Acts 2009, 81st Leg., R.S., Ch. 84 (S.B. 1442), Sec. 54, eff. September 1, 2009.
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 47262e8a959e817f68314b20c34f1b218585f2dec3c427077d9f5d820032e048
- 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 § 153.307EFFECT OF FAILURE TO FILE REPORT.Printed as Sections 153.307 and 153.308
- Tex. Bus. Orgs. Code § 153.308NOTICE OF FORFEITURE OF RIGHT TO TRANSACT BUSINESS.Printed as Sections 153.307 and 153.308
- Tex. Bus. Orgs. Code § 153.310REVIVAL OF RIGHT TO TRANSACT BUSINESS.Printed as Section 153.310
Cited by 1 provision
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Business Organizations Code
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