Tex. Business Organizations Code § 153.256
PARTNER'S PARTNERSHIP INTEREST SUBJECT TO CHARGING ORDER
Texas · Texas Business Organizations Code · Status: effective
Cite this
- Citation
- Tex. Business Organizations Code § 153.256, PARTNER'S PARTNERSHIP INTEREST SUBJECT TO CHARGING ORDER, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/584140
- Permanent ID
ys:prov:584140@1- SHA-256
9366a1ebd342b18738564fdb8040ba7d0bd791a0aebc918e156c0d021fecaf8d
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) On application by a judgment creditor of a partner or of any other owner of a partnership interest, a court having jurisdiction may charge the partnership interest of the judgment debtor to satisfy the judgment.
(b) To the extent that the partnership interest is charged in the manner provided by Subsection (a), the judgment creditor has only the right to receive any distribution to which the judgment debtor would otherwise be entitled in respect of the partnership interest.
(c) A charging order constitutes a lien on the judgment debtor's partnership interest. The charging order lien may not be foreclosed on under this code or any other law.
(d) The entry of a charging order is the exclusive remedy by which a judgment creditor of a partner or of any other owner of a partnership interest may satisfy a judgment out of the judgment debtor's partnership interest.
(e) This section does not deprive a partner or other owner of a partnership interest of a right under exemption laws with respect to the judgment debtor's partnership interest.
(f) A creditor of a partner or of any other owner of a partnership interest does not have the right to obtain possession of, or otherwise exercise legal or equitable remedies with respect to, the property of the limited partnership.