Texas § 152.402 GENERAL EFFECT OF TRANSFER.

Texas Statutes

§ 152.402 — GENERAL EFFECT OF TRANSFER.

Texas § 152.402

Code BOBusiness Organizations Code

This text of Texas § 152.402 (GENERAL EFFECT OF TRANSFER.) 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. § 152.402 (2026).

Text

Sec. 152.402. GENERAL EFFECT OF TRANSFER. A transfer of all or part of a partner's partnership interest:

(1)is not an event of withdrawal;

(2)does not by itself cause a winding up of the partnership business; and

(3)against the other partners or the partnership, does not entitle the transferee, during the continuance of the partnership, to participate in the management or conduct of the partnership business.

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Sec. 152.402. GENERAL EFFECT OF TRANSFER. A transfer of all or part of a partner's partnership interest:
(1) is not an event of withdrawal;
(2) does not by itself cause a winding up of the partnership business; and
(3) against the other partners or the partnership, does not entitle the transferee, during the continuance of the partnership, to participate in the management or conduct of the partnership business.