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Texas Business Organizations Code - Section 152.307. Extension Of Credit In Reliance On False Representation

Legal Research Home > Texas Lawyer > Business Organizations Code > Texas Business Organizations Code - Section 152.307. Extension Of Credit In Reliance On False Representation

§ 152.307. EXTENSION OF CREDIT IN RELIANCE ON FALSE 
REPRESENTATION.  (a) The rights of a person extending credit in 
reliance on a representation described by Section 152.054 are 
determined by applicable law other than this chapter and the other 
partnership provisions, including the law of estoppel, agency, 
negligence, fraud, and unjust enrichment.
	(b)  The rights and duties of a person held liable under 
Subsection (a) are also determined by law other than the law 
described by Subsection (a).

Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.                     

Last modified: August 11, 2007