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Texas Business Organizations Code - Section 153.209. Interim Distributions

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§ 153.209. INTERIM DISTRIBUTIONS. Except as otherwise provided by this section and Section 153.210, a partner is entitled to receive a distribution from a limited partnership to the extent and at the time or on the occurrence of an event specified in the partnership agreement before: (1) the partner withdraws from the partnership; and (2) the winding up of the partnership business. Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.

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Last modified: August 11, 2007