{"data":{"id":"us-tx/tex.-estates-code-1151.154","jurisdiction":"us-tx","citation":"Tex. Estates Code § 1151.154","heading":"ADMINISTRATION OF PARTNERSHIP INTEREST.","body":"(a) This section applies only to a general partnership governed by a partnership agreement or articles of partnership that provide that, on the incapacity of a partner, the guardian of the estate of the partner is entitled to the place of the incapacitated partner in the partnership.\n(b) If a ward was a partner in a general partnership, the guardian who contracts to come into the partnership is, to the extent allowed by law, liable to a third person only to the extent of:\n(1) the incapacitated partner's capital in the partnership; and\n(2) the assets of the incapacitated partner's estate that are held by the guardian.\n(c) This section does not exonerate a guardian from liability for the guardian's negligence.\nAdded by Acts 2011, 82nd Leg., R.S., Ch. 823 (H.B. 2759), Sec. 1.02, eff. January 1, 2014.","path":["ESTATES CODE","TITLE 3. GUARDIANSHIP AND RELATED PROCEDURES","SUBTITLE E. ADMINISTRATION OF GUARDIANSHIP","CHAPTER 1151. RIGHTS, POWERS, AND DUTIES UNDER GUARDIANSHIP","SUBCHAPTER D. POSSESSION AND CARE OF WARD'S PROPERTY BY GUARDIAN OF THE ESTATE"],"source_url":"https://statutes.capitol.texas.gov/Docs/ES/htm/ES.1151.htm#1151.154","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:08Z","sha256":"226c73cc9df1fe7411c5a6ab280f84f9424b16ea1562f74da772a60a18f055bb","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-estates-code-1151.153","next":"us-tx/tex.-estates-code-1151.155"},"notice":"GroundRules: Original legal text. Not legal advice."}