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Texas Business Organizations Code - Section 154.201. Business Transactions Between Partner And Partnership

Legal Research Home > Texas Lawyer > Business Organizations Code > Texas Business Organizations Code - Section 154.201. Business Transactions Between Partner And Partnership

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§ 154.201. BUSINESS TRANSACTIONS BETWEEN PARTNER AND PARTNERSHIP. Except as otherwise provided by the partnership agreement, a partner may lend money to and transact other business with the partnership. Subject to other applicable law, a partner has the same rights and obligations with respect to those matters as a person who is not a partner. Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.

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Last modified: August 11, 2007