{"data":{"id":"us-tx/tex.-business-organizations-code-152.404","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 152.404","heading":"RIGHTS AND DUTIES OF TRANSFEREE.","body":"(a) A transferee of a partner's partnership interest is entitled to receive, to the extent transferred, distributions to which the transferor otherwise would be entitled.\n(b) If an event requires a winding up of partnership business under Subchapter I, a transferee is entitled to receive, to the extent transferred, the net amount otherwise distributable to the transferor.\n(c) Until a transferee becomes a partner, the transferee does not have liability as a partner solely as a result of the transfer.\n(d) For a proper purpose the transferee may require reasonable information or an account of a partnership transaction and make reasonable inspection of the partnership books. In a winding up of partnership business, a transferee may require an accounting only from the date of the latest account agreed to by all of the partners.\n(e) Until receipt of notice of a transfer, a partnership is not required to give effect to a transferee's rights under this section and Sections 152.401-152.403.\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#152.404","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"1bf7f07d816698b91ec53849c04de663cf87ce50e20e55ed181a4eddaf0e7f9c","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-152.403","next":"us-tx/tex.-business-organizations-code-152.405"},"notice":"GroundRules: Original legal text. Not legal advice."}