Tex. Bus. Org. Code § 152.701

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

Section 152.701 - Effect of Event Requiring Winding Up

On the occurrence of an event requiring winding up of a partnership business under Section 11.051 or 11.057:

(1) the partnership continues until the winding up of its business is completed, at which time the partnership is terminated; and

(2) the relationship among the partners is changed as provided by this subchapter.

Tex. Bus. Org. Code § 152.701

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