Texas § 152.601 REDEMPTION IF PARTNERSHIP NOT WOUND UP.

Texas Statutes

§ 152.601 — REDEMPTION IF PARTNERSHIP NOT WOUND UP.

Texas § 152.601

Code BOBusiness Organizations Code

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Bluebook

Tex. Business Organizations Code Code Ann. § 152.601 (2026).

Text

Sec. 152.601. REDEMPTION IF PARTNERSHIP NOT WOUND UP. The partnership interest of a withdrawn partner automatically is redeemed by the partnership as of the date of withdrawal in accordance with this subchapter if:

(1)the event of withdrawal occurs under Sections 152.501 (b)(1)-

(9)and an event requiring a winding up of partnership business does not occur before the 61st day after the date of the withdrawal; or

(2)the event of a withdrawal occurs under Section 152.501 (b)(10).

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Sec. 152.601. REDEMPTION IF PARTNERSHIP NOT WOUND UP. The partnership interest of a withdrawn partner automatically is redeemed by the partnership as of the date of withdrawal in accordance with this subchapter if:
(1) the event of withdrawal occurs under Sections 152.501 (b)(1)-(9) and an event requiring a winding up of partnership business does not occur before the 61st day after the date of the withdrawal; or
(2) the event of a withdrawal occurs under Section 152.501 (b)(10).