Texas Business Organizations Code - Section 154.101. Class Or Group Of Partners
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Texas Lawyer > Business Organizations Code > Texas Business Organizations Code - Section 154.101. Class Or Group Of Partners
§ 154.101. CLASS OR GROUP OF PARTNERS. (a) A written
partnership agreement may establish or provide for the future
creation of additional classes or groups of one or more partners
that have certain express relative rights, powers, and duties,
including voting rights. The future creation of additional classes
or groups may be expressed in the partnership agreement or at the
time of creation of the class or group.
(b) The rights, powers, or duties of a class or group of
partners may be senior to those partners of an existing class or
group.
Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.
Section: 153.551 153.552 153.553 153.554 153.555 154.001 154.002 154.101 154.102 154.103 154.201 154.202 154.203 200.001 200.002
Last modified: August 10, 2007
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