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Texas Vernon's Texas Civil Statutes - Article 6132b-11.03. Application

Legal Research Home > Texas Laws > Vernon's Texas Civil Statutes > Texas Vernon's Texas Civil Statutes - Article 6132b-11.03. Application

Art. 6132b-11.03. APPLICATION.  (a) Before January 1, 1999.  
Except as provided by Subsection (b), before January 1, 1999, this 
Act applies only to a partnership formed:
	(1)  on or after January 1, 1994, unless that partnership is 
continuing the business of a dissolved partnership under Section 
41, Texas Uniform Partnership Act (Article 6132b, Vernon's Texas 
Civil Statutes), and its subsequent amendments;  and
	(2)  before January 1, 1994, that elects, as provided by 
Subsection (d), to be governed by this Act.
	(b)  Registered Limited Liability Partnership.  Section 3.08 
of this Act, including the fee provisions, applies to a registered 
limited liability partnership, regardless of the date of formation 
and regardless of whether the partnership elects to be governed by 
this Act, except that a registered limited liability partnership 
formed before January 1, 1994, is subject to Sections 2, 15(2)-(4), 
45-A, 45-B, and 45-C, Texas Uniform Partnership Act (Article 6132b, 
Vernon's Texas Civil Statutes), for purposes of determining 
liability for errors, omissions, negligence, incompetence, or 
malfeasance occurring before January 1, 1994.
	(c)  After December 31, 1998.  After December 31, 1998, this 
Act applies to all partnerships.
	(d)  Voluntary Application Early.  Before January 1, 1999, a 
partnership formed before January 1, 1994, voluntarily may elect, 
by complying with the procedures provided in its partnership 
agreement for amending the partnership agreement, to adopt this 
Act.  The provisions of this Act relating to the liability of the 
partnership's partners to third parties apply to limit those 
partners' liability to a third party who had done business with the 
partnership within one year preceding the partnership's election to 
adopt this Act only if the partnership gives notice to the third 
party of the partnership's election to adopt this Act.

Acts 1993, 73rd Leg., ch. 917, Sec. 1, eff. Jan. 1, 1994.  
Redesignated from Vernon's Ann.Civ.St. art. 6132b-10.03 by Acts 
1997, 75th Leg., ch. 375, Sec. 123, eff. Sept. 1, 1997.

Last modified: August 11, 2007