Section 153.151 - Admission of General Partners(a) After a limited partnership is formed, additional general partners may be admitted: (1) in the manner provided by a written partnership agreement; or(2) if a written partnership agreement does not provide for the admission of additional general partners, with the written consent of all partners.(a-1) On formation of a limited partnership, a person becomes a general partner if the person: (1) has entered into the partnership agreement as a general partner; and(2) is named as a general partner in the certificate of formation of the limited partnership.(b) A person may be a general partner unless the person lacks capacity apart from this chapter.(c) A written partnership agreement may provide that a person may be admitted as a general partner in a limited partnership, including as a sole general partner, and may acquire a partnership interest in the limited partnership without: (1) making a contribution to the limited partnership; or(2) assuming an obligation to make a contribution to the limited partnership.(d) A written partnership agreement may provide that a person may be admitted as a general partner in a limited partnership, including as the sole general partner, without acquiring a partnership interest in the limited partnership.(e) This section is not a limitation of or does not otherwise affect Section 153.152.Tex. Bus. Org. Code § 153.151
Amended by Acts 2021, Texas Acts of the 87th Leg. - Regular Session, ch. 39,Sec. 31, eff. 9/1/2021. Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. 1/1/2006.Amended by Acts 2005, 79th Leg., Ch. 64, Sec. 87, eff. 1/1/2006.Amended by Acts 2005, 79th Leg., Ch. 64, Sec. 88, eff. 1/1/2006.