Tex. Bus. Org. Code § 152.601

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 152.601 - Redemption If Partnership Not Wound Up

The partnership interest of a withdrawn partner automatically is redeemed by the partnership as of the date of withdrawal in accordance with this subchapter if:

(1) the event of withdrawal occurs under Sections 152.501(b)(1)-(9) and an event requiring a winding up of partnership business does not occur before the 61st day after the date of the withdrawal; or

(2) the event of a withdrawal occurs under Section 152.501(b)(10).

Tex. Bus. Org. Code § 152.601

Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. 1/1/2006.