Tex. Bus. Org. Code § 153.309

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 153.309 - Effect of Forfeiture of Right to Transact Business
(a) Unless the right of the limited partnership to transact business is revived in accordance with Section 153.310:
(1) the limited partnership may not maintain an action, suit, or proceeding in a court of this state; and
(2) a successor or assignee of the limited partnership may not maintain an action, suit, or proceeding in a court of this state on a right, claim, or demand arising from the transaction of business by the limited partnership in this state.
(b) The forfeiture of the right to transact business in this state does not:
(1) impair the validity of a contract or act of the limited partnership; or
(2) prevent the limited partnership from defending an action, suit, or proceeding in a court of this state.
(c) This section and Sections 153.307 and 153.308 do not affect the liability of a limited partner.

Tex. Bus. Org. Code § 153.309

Amended by Acts 2009, 81st Leg., R.S., Ch. 84, Sec. 54, eff. 9/1/2009.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. 1/1/2006.