Texas § 153.204 ENFORCEABILITY OF OBLIGATION.

Texas Statutes

§ 153.204 — ENFORCEABILITY OF OBLIGATION.

Texas § 153.204

Code BOBusiness Organizations Code

This text of Texas § 153.204 (ENFORCEABILITY OF OBLIGATION.) 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. § 153.204 (2026).

Text

Sec. 153.204. ENFORCEABILITY OF OBLIGATION.

(a)Notwithstanding a compromise or release under Section 153.203 , a creditor of a limited partnership who extends credit or otherwise acts in reasonable reliance on an obligation described by Section 153.203 may enforce the original obligation if:

(1)the obligation is reflected in a document signed by the partner; and

(2)the document is not amended or canceled to reflect the compromise or release.

(b)Notwithstanding the compromise or release, a general partner remains liable to persons other than the partnership and the other partners, as provided by Sections 153.152 (a)(2) and (b).

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Sec. 153.204. ENFORCEABILITY OF OBLIGATION. (a) Notwithstanding a compromise or release under Section 153.203 , a creditor of a limited partnership who extends credit or otherwise acts in reasonable reliance on an obligation described by Section 153.203 may enforce the original obligation if:
(1) the obligation is reflected in a document signed by the partner; and
(2) the document is not amended or canceled to reflect the compromise or release.
(b) Notwithstanding the compromise or release, a general partner remains liable to persons other than the partnership and the other partners, as provided by Sections 153.152 (a)(2) and (b).