Section 153.253 - Rights of Assignee(a) An assignee of a partnership interest, including the partnership interest of a general partner, may become a limited partner if and to the extent that: (1) the partnership agreement provides; or(2) all partners consent.(b) An assignee who becomes a limited partner, to the extent of the rights and powers assigned, has the rights and powers and is subject to the restrictions and liabilities of a limited partner under a partnership agreement and this code.Tex. Bus. Org. Code § 153.253
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. 1/1/2006.