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Texas Business Organizations Code - Section 152.604. Setoff For Certain Damages

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§ 152.604. SETOFF FOR CERTAIN DAMAGES. The partnership may set off against the redemption price payable to the withdrawn partner the damages for wrongful withdrawal under Section 152.503(b) and all other amounts owed by the withdrawn partner to the partnership, whether currently due, including interest. Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.

Section: Previous 152.503 152.504 152.505 152.506 152.601 152.602 152.603 152.604 152.605 152.606 152.607 152.608 152.609 152.610 152.611 Next

Last modified: August 11, 2007