{"data":{"id":"us-tx/tex.-business-organizations-code-152.402","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 152.402","heading":"GENERAL EFFECT OF TRANSFER.","body":"A transfer of all or part of a partner's partnership interest:\n(1) is not an event of withdrawal;\n(2) does not by itself cause a winding up of the partnership business; and\n(3) against the other partners or the partnership, does not entitle the transferee, during the continuance of the partnership, to participate in the management or conduct of the partnership business.\nActs 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.","path":["BUSINESS ORGANIZATIONS CODE","TITLE 4. PARTNERSHIPS","CHAPTER 152. GENERAL PARTNERSHIPS","SUBCHAPTER F. TRANSFER OF PARTNERSHIP INTERESTS"],"source_url":"https://statutes.capitol.texas.gov/Docs/BO/htm/BO.152.htm#152.402","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"c17760bf37b548f2c85903b410ae428a972d651b19c28c288bd1e4277e6bb527","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-152.401","next":"us-tx/tex.-business-organizations-code-152.403"},"notice":"GroundRules: Original legal text. Not legal advice."}