Texas Business Organizations Code - Section 153.253. Rights Of Assignee
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Texas Lawyer > Business Organizations Code > Texas Business Organizations Code - Section 153.253. Rights Of Assignee
§ 153.253. RIGHTS OF ASSIGNEE. (a) An assignee of a
partnership interest, including the partnership interest of a
general partner, may become a limited partner if and to the extent
that:
(1) the partnership agreement provides; or
(2) all partners consent.
(b) An assignee who becomes a limited partner, to the extent
of the rights and powers assigned, has the rights and powers and is
subject to the restrictions and liabilities of a limited partner
under a partnership agreement and this code.
Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.
Section: 153.206 153.207 153.208 153.209 153.210 153.251 153.252 153.253 153.254 153.255 153.256 153.257 153.301 153.302 153.303
Last modified: August 11, 2007
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