Tex. Bus. Org. Code § 153.159
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
If the partners convert the partnership interest under Section 153.158(a)(1), the limited partnership interest may be reduced pro rata with all other partners to provide compensation, an interest in the partnership, or both, to a replacement general partner.
Tex. Bus. Org. Code § 153.159