Texas § 152.704 BINDING EFFECT OF PARTNER'S ACTION AFTER EVENT REQUIRING WINDING UP.

Texas Statutes

§ 152.704 — BINDING EFFECT OF PARTNER'S ACTION AFTER EVENT REQUIRING WINDING UP.

Texas § 152.704

Code BOBusiness Organizations Code

This text of Texas § 152.704 (BINDING EFFECT OF PARTNER'S ACTION AFTER EVENT REQUIRING WINDING UP.) 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. § 152.704 (2026).

Text

Sec. 152.704. BINDING EFFECT OF PARTNER'S ACTION AFTER EVENT REQUIRING WINDING UP. After the occurrence of an event requiring winding up of the partnership business, a partnership is bound by a partner's act that:

(1)is appropriate for winding up; or

(2)would bind the partnership under Sections 152.301 and 152.302 before the occurrence of the event requiring winding up, if the other party to the transaction does not have notice that an event requiring winding up has occurred.

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Sec. 152.704. BINDING EFFECT OF PARTNER'S ACTION AFTER EVENT REQUIRING WINDING UP. After the occurrence of an event requiring winding up of the partnership business, a partnership is bound by a partner's act that:
(1) is appropriate for winding up; or
(2) would bind the partnership under Sections 152.301 and 152.302 before the occurrence of the event requiring winding up, if the other party to the transaction does not have notice that an event requiring winding up has occurred.