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Tex. Business Organizations Code § 152.701

EFFECT OF EVENT REQUIRING WINDING UP

Texas · Texas Business Organizations Code · Status: effective

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Tex. Business Organizations Code § 152.701, EFFECT OF EVENT REQUIRING WINDING UP, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/584053
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On the occurrence of an event requiring winding up of a partnership business under Section 11.051 or 11.057: (1) the partnership continues until the winding up of its business is completed, at which time the partnership is terminated; and (2) the relationship among the partners is changed as provided by this subchapter.