GroundRules
Tex. Estates Code § 351.104: ADMINISTRATION OF PARTNERSHIP INTEREST.
Where this section sits in the code
- ESTATES CODE
- TITLE 2. ESTATES OF DECEDENTS; DURABLE POWERS OF ATTORNEY
- SUBTITLE H. CONTINUATION OF ADMINISTRATION
- CHAPTER 351. POWERS AND DUTIES OF PERSONAL REPRESENTATIVES IN GENERAL
- SUBCHAPTER C. POSSESSION AND CARE OF ESTATE PROPERTY
(a) If a decedent was a partner in a general partnership and the partnership agreement or articles of partnership provide that, on the death of a partner, the partner's personal representative is entitled to that partner's place in the partnership, a personal representative accordingly contracting to enter the partnership under the partnership agreement or articles of partnership is, to the extent allowed by law, liable to a third person only to the extent of:
(1) the deceased partner's capital in the partnership; and
(2) the estate's assets held by the representative.
(b) This section does not exonerate a personal representative from liability for the representative's negligence.
Added by Acts 2009, 81st Leg., R.S., Ch. 680 (H.B. 2502), Sec. 1, eff. January 1, 2014.
Collected 2026-08-27T01:47:08Z. Source file · JSON