Texas Business Organizations Code - Section 153.252. Rights Of Assignor
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§ 153.252. RIGHTS OF ASSIGNOR. (a) Except as otherwise
provided by the partnership agreement, until the assignee becomes a
partner, the assignor partner continues to be a partner in the
limited partnership. The assignor partner may exercise any rights
or powers of a partner, except to the extent those rights or powers
are assigned.
(b) Except as otherwise provided by the partnership
agreement, on the assignment by a general partner of all of the
general partner's rights as a general partner, the general
partner's status as a general partner may be terminated by the
affirmative vote of a majority-in-interest of the limited partners.
Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.
Section: 153.205 153.206 153.207 153.208 153.209 153.210 153.251 153.252 153.253 153.254 153.255 153.256 153.257 153.301 153.302
Last modified: August 11, 2007
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