Tex. Bus. Orgs. Code § 153.5521 · Subchapter L. MISCELLANEOUS PROVISIONS
PENALTY FOR REFUSAL TO PERMIT EXAMINATION OF CERTAIN RECORDS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A limited partnership that refuses to allow a partner or assignee of a partnership interest to examine and copy, on written request that complies with Section 153.552(a), records or other information described by that section is liable to the partner or assignee for any cost or expense, including attorney's fees, incurred in enforcing the partner's or assignee's rights under Section 153.552. The liability imposed on a limited partnership under this subsection is in addition to any other damages or remedy afforded to the partner or assignee by law.
(b) It is a defense to an action brought under this section that the person suing:
(1) has improperly used information obtained through a prior examination of the records or other information of the limited partnership or any other limited partnership under Section 153.552; or
(2) was not acting in good faith or for a proper purpose in making the person's request for examination.
Notes and commentary — not statutory text
History
Added by Acts 2017, 85th Leg., R.S., Ch. 74 (S.B. 1517), Sec. 15, eff. September 1, 2017.
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 03aad34fe4cd8d8ed9d0a63abc0905cce264d30f04ff77c808767e1fc8e73471
- 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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Business Organizations Code
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