Sec. 152.703. RIGHTS AND DUTIES OF PERSON WINDING UP PARTNERSHIP BUSINESS. (a) To the extent appropriate for winding up, as soon as reasonably practicable, and in the name of and for and on behalf of the partnership, a person winding up a partnership's business may take the actions specified in Sections 11.052, 11.053, and 11.055.
(b) Section 11.052(a)(2) shall not be applicable to a partnership.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Section: Previous 152.608 152.609 152.610 152.611 152.612 152.701 152.702 152.703 152.704 152.705 152.706 152.707 152.708 152.709 152.710 NextLast modified: September 28, 2016