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Tex. Business Organizations Code § 153.258

SUBSCRIPTIONS

Texas · Texas Business Organizations Code · Status: effective

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Tex. Business Organizations Code § 153.258, SUBSCRIPTIONS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/584142
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(a) A subscription to purchase a partnership interest in a limited partnership in the process of being formed is irrevocable to the extent provided by the terms of the subscription if: (1) the subscription is in writing and signed by the subscriber; and (2) the subscription states that it is irrevocable. (b) A written subscription entered into after the limited partnership is formed is a contract between the subscriber and the partnership.