Texas Business Organizations Code § 153.201 Form Of Contribution

Sec. 153.201. FORM OF CONTRIBUTION. The contribution of a partner may consist of a tangible or intangible benefit to the limited partnership or other property of any kind or nature, including:

(1) cash;

(2) a promissory note;

(3) services performed;

(4) a contract for services to be performed; and

(5) another interest in or security of the limited partnership, another domestic or foreign limited partnership, or other entity.

Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.

Amended by:

Acts 2005, 79th Leg., Ch. 64 (H.B. 1319), Sec. 89, eff. January 1, 2006.

Section: Previous  153.156  153.157  153.158  153.159  153.160  153.161  153.162  153.201  153.202  153.203  153.204  153.205  153.206  153.207  153.208  Next

Last modified: September 28, 2016