{"data":{"id":"us-tx/tex.-business-organizations-code-153.161","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 153.161","heading":"LIABILITY OF GENERAL PARTNER FOR DEBT INCURRED AFTER EVENT OF WITHDRAWAL.","body":"(a) Unless otherwise provided by a written partnership agreement and subject to the liability created under Section 153.162, a general partner who ceases to be a general partner under Section 153.155 is not personally liable in the partner's capacity as a general partner for partnership debt incurred after that partner ceases to be a general partner unless the applicable creditor at the time the debt was incurred reasonably believed that the partner remained a general partner.\n(b) A creditor of the partnership has reason to believe that a partner remains a general partner if:\n(1) the creditor had no knowledge or notice of the general partner's withdrawal and:\n(A) was a creditor of the partnership at the time of the general partner's withdrawal; or\n(B) had extended credit to the partnership within two years before the date of withdrawal; or\n(2) the creditor had known that the partner was a general partner in the partnership before the general partner's withdrawal and had no knowledge or notice of the withdrawal and the general partner's withdrawal had not been advertised in a newspaper of general circulation in each place at which the partnership business was regularly conducted.\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#153.161","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"b7ea579202be4976992066ff758401337d126e1c9fd70154faac5736c938665c","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-153.160","next":"us-tx/tex.-business-organizations-code-153.162"},"notice":"GroundRules: Original legal text. Not legal advice."}