Tex. Bus. Org. Code § 153.209

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

Section 153.209 - Interim Distributions

Except as otherwise provided by this section and Section 153.210, a partner is entitled to receive a distribution from a limited partnership to the extent and at the time or on the occurrence of an event specified in the partnership agreement before:

(1) the partner withdraws from the partnership; and

(2) the winding up of the partnership business.

Tex. Bus. Org. Code § 153.209

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