Source: https://chowinslaw.com/resources/texas-business-laws/339-provisions-as-to-both-general-and-limited-texas-partnerships
Timestamp: 2019-04-23 04:36:07+00:00

Document:
§ 154.001. NATURE OF PARTNER'S PARTNERSHIP INTEREST.
(a) A partner's partnership interest is personal property for all purposes.
§ 154.002. TRANSFER OF INTEREST IN PARTNERSHIP PROPERTY PROHIBITED.
A partner does not have an interest that can be transferred, voluntarily or involuntarily, in partnership property.
§ 154.101. CLASS OR GROUP OF PARTNERS.
(a) A partnership agreement may establish or provide for the future creation of additional classes or groups of one or more partners that have certain express relative rights, powers, and duties, including voting rights. The future creation of additional classes or groups may be expressed in the partnership agreement or at the time of creation of the class or group.
§ 154.102. PROVISIONS RELATING TO VOTING.
§ 154.104. RIGHTS OF THIRD PERSONS UNDER PARTNERSHIP AGREEMENT.
A partnership agreement may provide rights to any person, including a person who is not a party to the partnership agreement, to the extent provided by the partnership agreement.
§ 154.105. PARTNERSHIP BOUND BY PARTNERSHIP AGREEMENT.
A partnership agreement is enforceable by or against the partnership, regardless of whether the partnership has signed or otherwise expressly adopted the agreement.
§ 154.201. BUSINESS TRANSACTIONS BETWEEN PARTNER AND PARTNERSHIP.
Except as otherwise provided by the partnership agreement, a partner may lend money to and transact other business with the partnership. Subject to other applicable law, a partner has the same rights and obligations with respect to those matters as a person who is not a partner.
§ 154.202. EFFECT OF PARTNER CHANGE ON RELATIONSHIP BETWEEN PARTNERSHIP AND CREDITORS.
§ 154.203. DISTRIBUTIONS IN KIND.
(a) Except as provided by the partnership agreement, a partner, regardless of the nature of the partner's contribution, is not entitled to demand or receive from a partnership a distribution in any form other than cash.
§ 154.204. IRREVOCABLE POWER OF ATTORNEY.

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