{"data":{"id":"us-tx/tex.-business-organizations-code-153.410","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 153.410","heading":"DISCONTINUANCE OR SETTLEMENT.","body":"(a) A derivative proceeding may not be discontinued or settled without court approval.\n(b) The court shall direct that notice be given to the affected partners if the court determines that a proposed discontinuance or settlement may substantially affect the interests of other partners.\nAdded by Acts 2019, 86th Leg., R.S., Ch. 899 (H.B. 3603), Sec. 30, eff. September 1, 2019.","path":["BUSINESS ORGANIZATIONS CODE","TITLE 4. PARTNERSHIPS","CHAPTER 153. LIMITED PARTNERSHIPS","SUBCHAPTER I. DERIVATIVE ACTIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/BO/htm/BO.153.htm#153.410","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"303eff8a6142f007ad27e6deb4978bdf5fd7bc0757196cc335700ceb801c6448","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-153.409","next":"us-tx/tex.-business-organizations-code-153.411"},"notice":"GroundRules: Original legal text. Not legal advice."}