Texas Business Organizations Code - Section 152.211. Remedies Of Partnership And Partners
Legal Research Home >
Texas Lawyer > Business Organizations Code > Texas Business Organizations Code - Section 152.211. Remedies Of Partnership And Partners
§ 152.211. REMEDIES OF PARTNERSHIP AND PARTNERS. (a) A
partnership may maintain an action against a partner for a breach of
the partnership agreement or for the violation of a duty to the
partnership causing harm to the partnership.
(b) A partner may maintain an action against the partnership
or another partner for legal or equitable relief, including an
accounting of partnership business, to:
(1) enforce a right under the partnership agreement;
(2) enforce a right under this chapter, including:
(A) the partner's rights under Sections
152.201-152.209, 152.212, and 152.213;
(B) the partner's right on withdrawal to have the
partner's interest in the partnership redeemed under Subchapter H
or to enforce any other right under Subchapters G and H; and
(C) the partner's rights under Subchapter I;
(3) enforce the rights and otherwise protect the
interests of the partner, including rights and interests arising
independently of the partnership relationship; or
(4) enforce a right under Chapter 11.
(c) The accrual of and a time limitation on a right of action
for a remedy under this section is governed by other applicable law.
(d) A right to an accounting does not revive a claim barred
by law.
Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.
Section: 152.204 152.205 152.206 152.207 152.208 152.209 152.210 152.211 152.212 152.213 152.214 152.301 152.302 152.303 152.304
Last modified: August 11, 2007
|
