GroundRules
Tex. Business Organizations Code § 153.410: DISCONTINUANCE OR SETTLEMENT.
Where this section sits in the code
- BUSINESS ORGANIZATIONS CODE
- TITLE 4. PARTNERSHIPS
- CHAPTER 153. LIMITED PARTNERSHIPS
- SUBCHAPTER I. DERIVATIVE ACTIONS
(a) A derivative proceeding may not be discontinued or settled without court approval.
(b) The court shall direct that notice be given to the affected partners if the court determines that a proposed discontinuance or settlement may substantially affect the interests of other partners.
Added by Acts 2019, 86th Leg., R.S., Ch. 899 (H.B. 3603), Sec. 30, eff. September 1, 2019.
Collected 2026-08-27T01:46:58Z. Source file · JSON