{"data":{"id":"us-tx/tex.-business-organizations-code-152.601","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 152.601","heading":"REDEMPTION IF PARTNERSHIP NOT WOUND UP.","body":"The partnership interest of a withdrawn partner automatically is redeemed by the partnership as of the date of withdrawal in accordance with this subchapter if:\n(1) the event of withdrawal occurs under Sections 152.501(b)(1)-(9) and an event requiring a winding up of partnership business does not occur before the 61st day after the date of the withdrawal; or\n(2) the event of a withdrawal occurs under Section 152.501(b)(10).\nActs 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.","path":["BUSINESS ORGANIZATIONS CODE","TITLE 4. PARTNERSHIPS","CHAPTER 152. GENERAL PARTNERSHIPS","SUBCHAPTER H. REDEMPTION OF WITHDRAWING PARTNER'S OR TRANSFEREE'S INTEREST"],"source_url":"https://statutes.capitol.texas.gov/Docs/BO/htm/BO.152.htm#152.601","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"ba00276b020d7786feef709929c3bfe46d2ed1833bf9dfb7236e2236530cb908","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-152.506","next":"us-tx/tex.-business-organizations-code-152.602"},"notice":"GroundRules: Original legal text. Not legal advice."}