Tex. Bus. Org. Code § 152.704

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

Section 152.704 - Binding Effect of Partner's Action After Event Requiring Winding Up

After the occurrence of an event requiring winding up of the partnership business, a partnership is bound by a partner's act that:

(1) is appropriate for winding up; or

(2) would bind the partnership under Sections 152.301 and 152.302 before the occurrence of the event requiring winding up, if the other party to the transaction does not have notice that an event requiring winding up has occurred.

Tex. Bus. Org. Code § 152.704

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