Tex. Business Organizations Code § 152.209: DECISION-MAKING REQUIREMENT.
Where this section sits in the code
- BUSINESS ORGANIZATIONS CODE
- TITLE 4. PARTNERSHIPS
- CHAPTER 152. GENERAL PARTNERSHIPS
- SUBCHAPTER D. RELATIONSHIP BETWEEN PARTNERS AND BETWEEN PARTNERS AND PARTNERSHIPS
(a) A difference arising in a matter in the ordinary course of the partnership business may be decided by a majority-in-interest of the partners.
(b) An act outside the ordinary course of business of a partnership may be undertaken only with the consent of all partners.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Collected 2026-08-27T01:46:58Z. Source file · JSON