Texas § 152.702 PERSONS ELIGIBLE TO WIND UP PARTNERSHIP BUSINESS.

Texas Statutes

§ 152.702 — PERSONS ELIGIBLE TO WIND UP PARTNERSHIP BUSINESS.

Texas § 152.702

Code BOBusiness Organizations Code

This text of Texas § 152.702 (PERSONS ELIGIBLE TO WIND UP PARTNERSHIP BUSINESS.) 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. § 152.702 (2026).

Text

Sec. 152.702. PERSONS ELIGIBLE TO WIND UP PARTNERSHIP BUSINESS.

(a)After the occurrence of an event requiring a winding up of a partnership business, the partnership business may be wound up by:

(1)the partners who have not withdrawn;

(2)the legal representative of the last surviving partner; or

(3)a person appointed by the court to carry out the winding up under Subsection (b).

(b)On application of a partner, a partner's legal representative or transferee, or a withdrawn partner whose interest is not redeemed under Section 152.608 , a court, for good cause, may appoint a person to carry out the winding up and may make an order, direction, or inquiry that the circumstances require.

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Sec. 152.702. PERSONS ELIGIBLE TO WIND UP PARTNERSHIP BUSINESS. (a) After the occurrence of an event requiring a winding up of a partnership business, the partnership business may be wound up by:
(1) the partners who have not withdrawn;
(2) the legal representative of the last surviving partner; or
(3) a person appointed by the court to carry out the winding up under Subsection (b).
(b) On application of a partner, a partner's legal representative or transferee, or a withdrawn partner whose interest is not redeemed under Section 152.608 , a court, for good cause, may appoint a person to carry out the winding up and may make an order, direction, or inquiry that the circumstances require.