Tex. Bus. Org. Code § 153.112

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 153.112 - Receipt Of Wrongful Distribution

A limited partner who receives a distribution that is not permitted under Section 153.210 is not required to return the distribution unless the limited partner knew that the distribution violated the prohibition of Section 153.210. This section does not affect an obligation of the limited partner under the partnership agreement, another agreement, or other applicable law to return the distribution.

Tex. Bus. Org. Code § 153.112

Amended by Acts 2023, Texas Acts of the 88th Leg.- Regular Session, ch. 27,Sec. 56, eff. 9/1/2023.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. 1/1/2006.