Tex. Business Organizations Code § 10.056
SPECIAL PROVISIONS APPLYING TO PARTNERSHIPS
Texas · Texas Business Organizations Code · Status: effective
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- Citation
- Tex. Business Organizations Code § 10.056, SPECIAL PROVISIONS APPLYING TO PARTNERSHIPS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/583235
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Full text
To effect an interest exchange:
(1) the partnership agreement of each domestic partnership whose partnership interests are to be acquired pursuant to the plan of exchange must authorize the partnership interest exchange adopted by the partnership;
(2) each domestic partnership whose partnership interests are to be acquired under the plan of exchange must approve the plan of exchange in the manner prescribed by its partnership agreement; and
(3) each acquiring domestic partnership must take all actions that may be required by its partnership agreement in order to effect the exchange.