GroundRules
Tex. Business Organizations Code § 152.701: EFFECT OF EVENT REQUIRING WINDING UP.
Where this section sits in the code
- BUSINESS ORGANIZATIONS CODE
- TITLE 4. PARTNERSHIPS
- CHAPTER 152. GENERAL PARTNERSHIPS
- SUBCHAPTER I. SUPPLEMENTAL WINDING UP AND TERMINATION PROVISIONS
On the occurrence of an event requiring winding up of a partnership business under Section 11.051 or 11.057:
(1) the partnership continues until the winding up of its business is completed, at which time the partnership is terminated; and
(2) the relationship among the partners is changed as provided by this subchapter.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Collected 2026-08-27T01:46:58Z. Source file · JSON