Tex. Bus. Orgs. Code § 154.204 · Subchapter C. PARTNERSHIP TRANSACTIONS AND RELATIONSHIPS
IRREVOCABLE POWER OF ATTORNEY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) This section applies only to:
(1) a power of attorney with respect to matters relating to the organization, internal affairs, or termination of a partnership; or
(2) a power of attorney granted by:
(A) a person as a partner of or a transferee or assignee of a partnership interest in a partnership; or
(B) a person seeking to become a partner of or a transferee or assignee of a partnership interest in a partnership.
(b) A power of attorney is irrevocable for all purposes if the power of attorney:
(1) is coupled with an interest sufficient in law to support an irrevocable power; and
(2) states that it is irrevocable.
(c) Unless otherwise provided in the power of attorney, an irrevocable power of attorney created under this section is not affected by the subsequent death, disability, incapacity, winding up, dissolution, termination of existence, or bankruptcy of, or any other event concerning, the principal.
(d) A power of attorney granted to the partnership, a partner of the partnership, or any of their respective officers, directors, managers, members, partners, trustees, employees, or agents is conclusively presumed to be coupled with an interest sufficient in law to support an irrevocable power.
Notes and commentary — not statutory text
History
Added by Acts 2015, 84th Leg., R.S., Ch. 23 (S.B. 859), Sec. 7, eff. September 1, 2015.
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 f71f0928b92a7ea26524fdde6f7f13a58f93283eb65d30e57800c907425d31ca
- 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.