Texas § 152.206 PARTNER'S DUTY OF CARE.

Texas Statutes

§ 152.206 — PARTNER'S DUTY OF CARE.

Texas § 152.206

Code BOBusiness Organizations Code

This text of Texas § 152.206 (PARTNER'S DUTY OF CARE.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Business Organizations Code Code Ann. § 152.206 (2026).

Text

Sec. 152.206. PARTNER'S DUTY OF CARE.

(a)A partner's duty of care to the partnership and the other partners is to act in the conduct and winding up of the partnership business with the care an ordinarily prudent person would exercise in similar circumstances.

(b)An error in judgment does not by itself constitute a breach of the duty of care.

(c)A partner is presumed to satisfy the duty of care if the partner acts on an informed basis and in compliance with Section 152.204 (b).

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Sec. 152.206. PARTNER'S DUTY OF CARE. (a) A partner's duty of care to the partnership and the other partners is to act in the conduct and winding up of the partnership business with the care an ordinarily prudent person would exercise in similar circumstances.
(b) An error in judgment does not by itself constitute a breach of the duty of care.
(c) A partner is presumed to satisfy the duty of care if the partner acts on an informed basis and in compliance with Section 152.204 (b).

Primexx Energy Opportunity Fund, LP and Primexx Energy Opportunity Fund II, LP v. Primexx Energy Corporation, M. Christopher Doyle, Angelo Acconcia, Blackstone Inc., Blackstone Holdings III LP, Blackstone EMA II LLC, BMA VII LLC, Blackstone Energy Management Associates II LLC, Blackstone Energy Partners II LP, Blackstone Management Associates VII LLC, Blackstone Capital Partners VII LP, BCP VII/BEP II Holdings Manager LLC, BX Primexx Topco LLC, and BPP Holdco LLC

(Court of Appeals of Texas, 2025)