{"data":{"id":"us-tx/tex.-business-organizations-code-153.309","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 153.309","heading":"EFFECT OF FORFEITURE OF RIGHT TO TRANSACT BUSINESS.","body":"(a) Unless the right of the limited partnership to transact business is revived in accordance with Section 153.310:\n(1) the limited partnership may not maintain an action, suit, or proceeding in a court of this state; and\n(2) a successor or assignee of the limited partnership may not maintain an action, suit, or proceeding in a court of this state on a right, claim, or demand arising from the transaction of business by the limited partnership in this state.\n(b) The forfeiture of the right to transact business in this state does not:\n(1) impair the validity of a contract or act of the limited partnership; or\n(2) prevent the limited partnership from defending an action, suit, or proceeding in a court of this state.\n(c) This section and Sections 153.307 and 153.308 do not affect the liability of a limited partner.\nActs 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.\nAmended by:\nActs 2009, 81st Leg., R.S., Ch. 84 (S.B. 1442), Sec. 54, eff. September 1, 2009.","path":["BUSINESS ORGANIZATIONS CODE","TITLE 4. PARTNERSHIPS","CHAPTER 153. LIMITED PARTNERSHIPS","SUBCHAPTER G. REPORTS"],"source_url":"https://statutes.capitol.texas.gov/Docs/BO/htm/BO.153.htm#153.309","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"4bf053930d1e1a783d2ac5a853e93f3ef195e0407ec0f1d22d4f00f2153e5434","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-153.308","next":"us-tx/tex.-business-organizations-code-153.310"},"notice":"GroundRules: Original legal text. Not legal advice."}