{"data":{"id":"us-tx/tex.-business-organizations-code-153.106","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 153.106","heading":"ERRONEOUS BELIEF OF CONTRIBUTOR BEING LIMITED PARTNER.","body":"Except as provided by Section 153.109, a person who erroneously but in good faith believes that the person has made a contribution to and has become a limited partner in a limited partnership is not liable as a general partner or otherwise obligated because of making or attempting to make the contribution, receiving distributions from the partnership, or exercising the rights of a limited partner if, within a reasonable time after ascertaining the mistake, the person:\n(1) causes an appropriate certificate of formation or certificate of amendment to be signed and filed;\n(2) files or causes to be filed with the secretary of state a written statement in accordance with Section 153.107; or\n(3) withdraws from participation in future profits of the enterprise by executing and filing with the secretary of state a certificate declaring the person's withdrawal under this section.\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#153.106","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"502529ddf401972d3a2658b78a288cd566b44c18f335213c0ab290d7cf9c0c72","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-153.105","next":"us-tx/tex.-business-organizations-code-153.107"},"notice":"GroundRules: Original legal text. Not legal advice."}