Texas Business Organizations Code - Section 10.056. Special Provisions Applying To Partnerships
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§ 10.056. SPECIAL PROVISIONS APPLYING TO
PARTNERSHIPS. To effect an interest exchange:
(1) the partnership agreement of each domestic
partnership whose partnership interests are to be acquired pursuant
to the plan of exchange must authorize the partnership interest
exchange adopted by the partnership;
(2) each domestic partnership whose partnership
interests are to be acquired under the plan of exchange must approve
the plan of exchange in the manner prescribed by its partnership
agreement; and
(3) each acquiring domestic partnership must take all
actions that may be required by its partnership agreement in order
to effect the exchange.
Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.
Section: 10.009 10.010 10.051 10.052 10.053 10.054 10.055 10.056 10.101 10.102 10.103 10.104 10.105 10.106 10.107
Last modified: August 11, 2007
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