Texas § 153.112 RECEIPT OF WRONGFUL DISTRIBUTION.

Texas Statutes

§ 153.112 — RECEIPT OF WRONGFUL DISTRIBUTION.

Texas § 153.112

Code BOBusiness Organizations Code

This text of Texas § 153.112 (RECEIPT OF WRONGFUL DISTRIBUTION.) 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. § 153.112 (2026).

Text

Sec. 153.112. RECEIPT OF WRONGFUL DISTRIBUTION. A limited partner who receives a distribution that is not permitted under Section 153.210 is not required to return the distribution unless the limited partner knew that the distribution violated the prohibition of Section 153.210 . This section does not affect an obligation of the limited partner under the partnership agreement, another agreement, or other applicable law to return the distribution.

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Sec. 153.112. RECEIPT OF WRONGFUL DISTRIBUTION. A limited partner who receives a distribution that is not permitted under Section 153.210 is not required to return the distribution unless the limited partner knew that the distribution violated the prohibition of Section 153.210 . This section does not affect an obligation of the limited partner under the partnership agreement, another agreement, or other applicable law to return the distribution.

Legislative History

Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006. Amended by: Acts 2023, 88th Leg., R.S., Ch. 27 (S.B. 1514 ), Sec. 56, eff. September 1, 2023.