Texas Business Organizations Code - Section 152.601. Redemption If Partnership Not Wound Up
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Texas Laws > Business Organizations Code > Texas Business Organizations Code - Section 152.601. Redemption If Partnership Not Wound Up
§ 152.601. REDEMPTION IF PARTNERSHIP NOT WOUND UP. The
partnership interest of a withdrawn partner automatically is
redeemed by the partnership as of the date of withdrawal in
accordance with this subchapter if:
(1) the event of withdrawal occurs under Sections
152.501(b)(1)-(9) and an event requiring a winding up of
partnership business does not occur before the 61st day after the
date of the withdrawal; or
(2) the event of a withdrawal occurs under Section
152.501(b)(10).
Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.
Section: 152.406 152.501 152.502 152.503 152.504 152.505 152.506 152.601 152.602 152.603 152.604 152.605 152.606 152.607 152.608
Last modified: August 11, 2007
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