Texas § 153.205 REQUIREMENTS TO ENFORCE CONDITIONAL OBLIGATION.

Texas Statutes

§ 153.205 — REQUIREMENTS TO ENFORCE CONDITIONAL OBLIGATION.

Texas § 153.205

Code BOBusiness Organizations Code

This text of Texas § 153.205 (REQUIREMENTS TO ENFORCE CONDITIONAL 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. § 153.205 (2026).

Text

Sec. 153.205. REQUIREMENTS TO ENFORCE CONDITIONAL OBLIGATION.

(a)An obligation of a limited partner of a limited partnership that is subject to a condition may be enforced by the partnership creditor described by Section 153.204 only if the condition is satisfied or waived by or with respect to the limited partner.

(b)A conditional obligation of a limited partner of a limited partnership includes a contribution payable on a discretionary call of the limited partnership before the time the call occurs.

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Sec. 153.205. REQUIREMENTS TO ENFORCE CONDITIONAL OBLIGATION. (a) An obligation of a limited partner of a limited partnership that is subject to a condition may be enforced by the partnership creditor described by Section 153.204 only if the condition is satisfied or waived by or with respect to the limited partner.
(b) A conditional obligation of a limited partner of a limited partnership includes a contribution payable on a discretionary call of the limited partnership before the time the call occurs.