{"data":{"id":"us-tx/tex.-business-organizations-code-152.203","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 152.203","heading":"RIGHTS AND DUTIES OF PARTNER.","body":"(a) Each partner has equal rights in the management and conduct of the business of a partnership. A partner's right to participate in the management and conduct of the business is not community property.\n(b) A partner may use or possess partnership property only on behalf of the partnership.\n(c) A partner is not entitled to receive compensation for services performed for a partnership other than reasonable compensation for services rendered in winding up the business of the partnership.\n(d) A partner who, in the proper conduct of the business of the partnership or for the preservation of its business or property, reasonably makes a payment or advance beyond the amount the partner agreed to contribute, or who reasonably incurs a liability, is entitled to be repaid and to receive interest from the date of the:\n(1) payment or advance; or\n(2) incurrence of the liability.\nActs 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.","path":["BUSINESS ORGANIZATIONS CODE","TITLE 4. PARTNERSHIPS","CHAPTER 152. GENERAL PARTNERSHIPS","SUBCHAPTER D. RELATIONSHIP BETWEEN PARTNERS AND BETWEEN PARTNERS AND PARTNERSHIPS"],"source_url":"https://statutes.capitol.texas.gov/Docs/BO/htm/BO.152.htm#152.203","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"8f91636c6a80620a753b9487f6222706a41245f69ddfb71a9bdbfe8b4d3f6957","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-152.202","next":"us-tx/tex.-business-organizations-code-152.204"},"notice":"GroundRules: Original legal text. Not legal advice."}