Tex. Bus. Orgs. Code § 153.407 · Subchapter I. DERIVATIVE ACTIONS
TOLLING OF STATUTE OF LIMITATIONS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
A written demand filed with the limited partnership under Section 153.403 tolls the statute of limitations on the claim on which demand is made until the later of:
(1) the 31st day after the expiration of any waiting period under Section 153.403; or
(2) the 31st day after the expiration of any stay granted under Section 153.405, including all continuations of the stay.
Notes and commentary — not statutory text
History
Added by Acts 2019, 86th Leg., R.S., Ch. 899 (H.B. 3603), Sec. 30, eff. September 1, 2019.
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 f32df9a8d217626245378e4c9783e46b6880ed2ad9ae0da89a8ca3367b1ae101
- 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
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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.