Texas § 114.085 PARTNERSHIPS.

Texas Statutes

§ 114.085 — PARTNERSHIPS.

Texas § 114.085

Code PRProperty Code

This text of Texas § 114.085 (PARTNERSHIPS.) 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. Property Code Code Ann. § 114.085 (2026).

Text

Sec. 114.085. PARTNERSHIPS.

(a)To the extent allowed by law, a trustee who takes the place of a deceased partner in a general partnership in accordance with the articles of partnership is liable to third persons only to the extent of the:

(1)deceased partner's capital in the partnership; and

(2)trust funds held by the trustee.

(b)A trustee who contracts to enter a general partnership in its capacity as trustee shall limit, to the extent allowed by law, the trust's liability to:

(1)the trust assets contributed to the partnership; and

(2)other assets of the trust under the management of the contracting trustee.

(c)If another provision of this subtitle conflicts with this section, this section controls. This section does not exonerate a trustee from liability for negligence.

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Sec. 114.085. PARTNERSHIPS. (a) To the extent allowed by law, a trustee who takes the place of a deceased partner in a general partnership in accordance with the articles of partnership is liable to third persons only to the extent of the:
(1) deceased partner's capital in the partnership; and
(2) trust funds held by the trustee.
(b) A trustee who contracts to enter a general partnership in its capacity as trustee shall limit, to the extent allowed by law, the trust's liability to:
(1) the trust assets contributed to the partnership; and
(2) other assets of the trust under the management of the contracting trustee.
(c) If another provision of this subtitle conflicts with this section, this section controls. This section does not exonerate a trustee from liability for negligence.