Tex. Business Organizations Code § 153.309
EFFECT OF FORFEITURE OF RIGHT TO TRANSACT BUSINESS
Texas · Texas Business Organizations Code · Status: effective
Cite this
- Citation
- Tex. Business Organizations Code § 153.309, EFFECT OF FORFEITURE OF RIGHT TO TRANSACT BUSINESS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/584152
- Permanent ID
ys:prov:584152@1- SHA-256
dc418e573620f59ab7ab2e4e3f24e305ed051783a40a6f0fac304b7116b2ee9f
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) Unless the right of the limited partnership to transact business is revived in accordance with Section 153.310:
(1) the limited partnership may not maintain an action, suit, or proceeding in a court of this state; and
(2) a successor or assignee of the limited partnership may not maintain an action, suit, or proceeding in a court of this state on a right, claim, or demand arising from the transaction of business by the limited partnership in this state.
(b) The forfeiture of the right to transact business in this state does not:
(1) impair the validity of a contract or act of the limited partnership; or
(2) prevent the limited partnership from defending an action, suit, or proceeding in a court of this state.
(c) This section and Sections 153.307 and 153.308 do not affect the liability of a limited partner.