Tex. Business Organizations Code § 153.152
GENERAL POWERS AND LIABILITIES OF GENERAL PARTNER
Texas · Texas Business Organizations Code · Status: effective
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- Citation
- Tex. Business Organizations Code § 153.152, GENERAL POWERS AND LIABILITIES OF GENERAL PARTNER, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/584111
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Full text
(a) Except as provided by this chapter, the other limited partnership provisions, or a partnership agreement, a general partner of a limited partnership:
(1) has the rights and powers and is subject to the restrictions of a partner in a partnership without limited partners; and
(2) has the liabilities of a partner in a partnership without limited partners to the partnership and to the other partners.
(b) Except as provided by this chapter or the other limited partnership provisions, a general partner of a limited partnership has the liabilities of a partner in a partnership without limited partners to a person other than the partnership and the other partners.