Texas Statutes
§ 152.705 — PARTNER'S LIABILITY TO OTHER PARTNERS AFTER EVENT REQUIRING WINDING UP.
Texas § 152.705
JurisdictionTexas
Code BOBusiness Organizations Code
This text of Texas § 152.705 (PARTNER'S LIABILITY TO OTHER PARTNERS 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. § 152.705 (2026).
Text
Sec. 152.705. PARTNER'S LIABILITY TO OTHER PARTNERS AFTER EVENT REQUIRING WINDING UP.
(a)Except as provided by Subsection (b), after the occurrence of an event requiring winding up of the partnership business, the losses with respect to which a partner must contribute under Section 152.708 (a) include losses from a liability incurred under Section 152.704 .
(b)A partner who incurs, with notice that an event requiring a winding up of the partnership business has occurred, a partnership liability under Section 152.704 (2) by an act that is not appropriate for winding up is liable to the partnership for a loss caused to the partnership arising from that liability.
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Legislative History
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Nearby Sections
15
§ 152.001
DEFINITIONS.§ 152.003
SUPPLEMENTAL PRINCIPLES OF LAW.§ 152.005
APPLICABLE INTEREST RATE.§ 152.051
PARTNERSHIP DEFINED.§ 152.056
PARTNERSHIP AS ENTITY.§ 152.101
NATURE OF PARTNERSHIP PROPERTY.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 152.705, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/BO/152.705.