Tex. Bus. Orgs. Code § 154.201 · Subchapter C. PARTNERSHIP TRANSACTIONS AND RELATIONSHIPS
BUSINESS TRANSACTIONS BETWEEN PARTNER AND PARTNERSHIP.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
Except as otherwise provided by the partnership agreement, a partner may lend money to and transact other business with the partnership. Subject to other applicable law, a partner has the same rights and obligations with respect to those matters as a person who is not 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.154.htm
- Text hash
- sha256 70868c4b78fc75fb349fa86d364ea4cb62d9afac22c092d379b5f9469f3d5735
- 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
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.