{"data":{"id":"us-tx/tex.-business-organizations-code-153.159","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 153.159","heading":"CONVERSION OF PARTNERSHIP INTEREST AFTER WITHDRAWAL.","body":"If the partners convert the partnership interest under Section 153.158(a)(1), the limited partnership interest may be reduced pro rata with all other partners to provide compensation, an interest in the partnership, or both, to a replacement 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 D. GENERAL PARTNERS"],"source_url":"https://statutes.capitol.texas.gov/Docs/BO/htm/BO.153.htm#153.159","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"47f80cfa2d89606b2d1e6c1a4d8a1649a2fce1de0d9c97e720d638928a19486d","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-153.158","next":"us-tx/tex.-business-organizations-code-153.160"},"notice":"GroundRules: Original legal text. Not legal advice."}