Texas Statutes
§ 153.159 — CONVERSION OF PARTNERSHIP INTEREST AFTER WITHDRAWAL.
Texas § 153.159
JurisdictionTexas
Code BOBusiness Organizations Code
This text of Texas § 153.159 (CONVERSION OF PARTNERSHIP INTEREST AFTER WITHDRAWAL.) 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. § 153.159 (2026).
Text
Sec. 153.159. CONVERSION OF PARTNERSHIP INTEREST AFTER WITHDRAWAL. If the partners convert the partnership interest under Section 153.158 (a)(1), the limited partnership interest may be reduced pro rata with all other partners to provide compensation, an interest in the partnership, or both, to a replacement general partner.
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Legislative History
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Nearby Sections
15
§ 153.001
DEFINITION.§ 153.002
CONSTRUCTION.§ 153.003
APPLICABILITY OF OTHER LAWS.§ 153.004
NONWAIVABLE TITLE 1 PROVISIONS.§ 153.053
RESTATED CERTIFICATE OF FORMATION.§ 153.101
ADMISSION OF LIMITED PARTNERS.§ 153.102
LIABILITY TO THIRD PARTIES.§ 153.105
CREATION OF RIGHTS.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 153.159, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/BO/153.159.