Tex. Est. Code § 1151.154 · Subchapter D. POSSESSION AND CARE OF WARD'S PROPERTY BY GUARDIAN OF THE ESTATE
ADMINISTRATION OF PARTNERSHIP INTEREST.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) This section applies only to a general partnership governed by a partnership agreement or articles of partnership that provide that, on the incapacity of a partner, the guardian of the estate of the partner is entitled to the place of the incapacitated partner in the partnership.
(b) If a ward was a partner in a general partnership, the guardian who contracts to come into the partnership is, to the extent allowed by law, liable to a third person only to the extent of:
(1) the incapacitated partner's capital in the partnership; and
(2) the assets of the incapacitated partner's estate that are held by the guardian.
(c) This section does not exonerate a guardian from liability for the guardian's negligence.
Notes and commentary — not statutory text
History
Added by Acts 2011, 82nd Leg., R.S., Ch. 823 (H.B. 2759), Sec. 1.02, eff. January 1, 2014.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/ES/htm/ES.1151.htm
- Text hash
- sha256 59c0703971b14a87f0ffe37678e193b823ebdae810b1dbe402b7d129a7462a15
- 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.