{"data":{"id":"us-tx/tex.-business-organizations-code-153.102","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 153.102","heading":"LIABILITY TO THIRD PARTIES.","body":"(a) A limited partner is not liable for the obligations of a limited partnership unless:\n(1) the limited partner is also a general partner; or\n(2) in addition to the exercise of the limited partner's rights and powers as a limited partner, the limited partner participates in the control of the business.\n(b) If the limited partner participates in the control of the business, the limited partner is liable only to a person who transacts business with the limited partnership reasonably believing, based on the limited partner's conduct, that the limited partner is a general partner.\nActs 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.","path":["BUSINESS ORGANIZATIONS CODE","TITLE 4. PARTNERSHIPS","CHAPTER 153. LIMITED PARTNERSHIPS","SUBCHAPTER C. LIMITED PARTNERS"],"source_url":"https://statutes.capitol.texas.gov/Docs/BO/htm/BO.153.htm#153.102","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"e961c9af51108d2637a057b3710be009ad1cafd8fa0b4357553b16f5809e71ab","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-153.101","next":"us-tx/tex.-business-organizations-code-153.103"},"notice":"GroundRules: Original legal text. Not legal advice."}