Tex. Bus. Org. Code § 152.402

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 152.402 - General Effect of Transfer

A transfer of all or part of a partner's partnership interest:

(1) is not an event of withdrawal;

(2) does not by itself cause a winding up of the partnership business; and

(3) against the other partners or the partnership, does not entitle the transferee, during the continuance of the partnership, to participate in the management or conduct of the partnership business.

Tex. Bus. Org. Code § 152.402

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