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Texas Business Organizations Code - Chapter 154 Provisions Applicable To Both General And Limited PartnershipsLegal Research Home > Texas Lawyer > Business Organizations Code > Texas Business Organizations Code - Chapter 154 Provisions Applicable To Both General And Limited Partnerships (a) A partner's partnership interest is personal property for all purposes. (b) A partner's partnership interest may be community property under applicable law. (c) A ... A partner does not have an interest that can be transferred, voluntarily or involuntarily, in partnership property. Acts 2003, 78th Leg., ch. 182, § 1, ... (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 ... A written partnership agreement that grants or provides for granting a right to vote to a partner may contain a provision relating to: (1) giving ... (a) Prompt notice of the taking of an action under a partnership agreement that may be taken without a meeting by consent of fewer than ... 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 ... The relationships between a partnership and its creditors are not affected by the: (1) withdrawal of a partner; or (2) addition of a new partner. ... (a) Except as provided by the partnership agreement, a partner, regardless of the nature of the partner's contribution, is not entitled to demand or receive ... Last modified: August 10, 2007 |