Texas Statutes (Last Updated: January 4, 2014) |
BUSINESS ORGANIZATIONS CODE |
Title 4. PARTNERSHIPS |
Chapter 154. PROVISIONS APPLICABLE TO BOTH GENERAL AND LIMITED PARTNERSHIPS |
Subchapter B. PARTNERSHIP AGREEMENT |
Sec. 154.103. NOTICE OF ACTION BY CONSENT WITHOUT A MEETING
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(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 all of the partners shall be given to a partner who has not given written consent to the action.
(b) For purposes of this section, the "taking of an action" includes:
(1) amending the partnership agreement; or
(2) creating under the partnership agreement a class of partners that did not previously exist.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.