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Texas Business Organizations Code - Section 153.201. Form Of Contribution

Legal Research Home > Texas Lawyer > Business Organizations Code > Texas Business Organizations Code - Section 153.201. Form Of Contribution

§ 153.201. FORM OF CONTRIBUTION. The contribution of a partner may consist of a tangible or intangible benefit to the limited partnership or other property of any kind or nature, including: (1) cash; (2) a promissory note; (3) services performed; (4) a contract for services to be performed; and (5) another interest in or security of the limited partnership, another domestic or foreign limited partnership, or other entity. Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006. Amended by Acts 2005, 79th Leg., ch. 64, § 89, eff. Jan. 1, 2006.

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Last modified: August 10, 2007