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Tex. Business Organizations Code § 152.601

REDEMPTION IF PARTNERSHIP NOT WOUND UP

Texas · Texas Business Organizations Code · Status: effective

Business & Commerce
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Tex. Business Organizations Code § 152.601, REDEMPTION IF PARTNERSHIP NOT WOUND UP, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/584040
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The partnership interest of a withdrawn partner automatically is redeemed by the partnership as of the date of withdrawal in accordance with this subchapter if: (1) the event of withdrawal occurs under Sections 152.501(b)(1)-(9) and an event requiring a winding up of partnership business does not occur before the 61st day after the date of the withdrawal; or (2) the event of a withdrawal occurs under Section 152.501(b)(10).