Texas Business Organizations Code - Section 153.113. Powers Of Estate Of Limited Partner Who Is Deceased Or Incapacitated
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Texas Laws > Business Organizations Code > Texas Business Organizations Code - Section 153.113. Powers Of Estate Of Limited Partner Who Is Deceased Or Incapacitated
§ 153.113. POWERS OF ESTATE OF LIMITED PARTNER WHO IS
DECEASED OR INCAPACITATED. If a limited partner who is an
individual dies or a court adjudges the limited partner to be
incapacitated in managing the limited partner's person or property,
the limited partner's executor, administrator, guardian,
conservator, or other legal representative may exercise all of the
limited partner's rights and powers to settle the limited partner's
estate or administer the limited partner's property, including the
power of an assignee to become a limited partner under the
partnership agreement.
Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.
Section: 153.106 153.107 153.108 153.109 153.110 153.111 153.112 153.113 153.151 153.152 153.153 153.154 153.155 153.156 153.157
Last modified: August 11, 2007
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