Texas Statutes (Last Updated: January 4, 2014) |
BUSINESS ORGANIZATIONS CODE |
Title 4. PARTNERSHIPS |
Chapter 154. PROVISIONS APPLICABLE TO BOTH GENERAL AND LIMITED PARTNERSHIPS |
Subchapter C. PARTNERSHIP TRANSACTIONS AND RELATIONSHIPS |
Sec. 154.202. EFFECT OF PARTNER CHANGE ON RELATIONSHIP BETWEEN PARTNERSHIP AND CREDITORS
Latest version.
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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.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.