{"data":{"id":"us-tx/tex.-business-organizations-code-153.254","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 153.254","heading":"LIABILITY OF ASSIGNEE.","body":"(a) Until an assignee of the partnership interest in a limited partnership becomes a partner, the assignee does not have liability as a partner solely as a result of the assignment.\n(b) Unless otherwise provided by a written partnership agreement, an assignee who becomes a limited partner:\n(1) is liable for the obligations of the assignor to make contributions as provided by Sections 153.202-153.204;\n(2) is not obligated for liabilities unknown to the assignee at the time the assignee became a limited partner and that could not be ascertained from a written partnership agreement; and\n(3) is not liable for the obligations of the assignor under Sections 153. 105, 153.112, and 153.162.\nActs 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.","path":["BUSINESS ORGANIZATIONS CODE","TITLE 4. PARTNERSHIPS","CHAPTER 153. LIMITED PARTNERSHIPS","SUBCHAPTER F. PARTNERSHIP INTEREST"],"source_url":"https://statutes.capitol.texas.gov/Docs/BO/htm/BO.153.htm#153.254","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"ddabe72a0d2ffc61ee39503057ce214bbb3de999bc42d052bcbe7084bc7cdb90","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-153.253","next":"us-tx/tex.-business-organizations-code-153.255"},"notice":"GroundRules: Original legal text. Not legal advice."}