Texas Statutes
§ 153.410 — DISCONTINUANCE OR SETTLEMENT.
Texas § 153.410
JurisdictionTexas
Code BOBusiness Organizations Code
This text of Texas § 153.410 (DISCONTINUANCE OR SETTLEMENT.) 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. § 153.410 (2026).
Text
Sec. 153.410. DISCONTINUANCE OR SETTLEMENT.
(a)A derivative proceeding may not be discontinued or settled without court approval.
(b)The court shall direct that notice be given to the affected partners if the court determines that a proposed discontinuance or settlement may substantially affect the interests of other partners.
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Legislative History
Added by Acts 2019, 86th Leg., R.S., Ch. 899 (H.B. 3603 ), Sec. 30, eff. September 1, 2019.
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 § 153.410, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/BO/153.410.