reglab/housing_qa huggingface dataset:
TX Bus Orgs § 153.503 (2021)
2021 Texas Statutes|Business Organizations Code|Title 4 - Partnerships|Chapter 153 - Limited Partnerships|Subchapter K. Supplemental Winding Up and Termination Provisions|Section 153.503. Powers of Person Conducting Wind Up

Sec. 153.503.  POWERS OF PERSON CONDUCTING WIND UP.  (a)  After the occurrence of an event requiring winding up of a limited partnership and until the filing of a certificate of termination as provided by Section 11.101, unless a written partnership agreement provides otherwise, a person winding up the limited partnership's business in the name of and on behalf of the limited partnership may take the actions specified in Sections 11.052 and 11.053.(b)  The acts described by Subsection (a) do not create a liability for a limited partner that did not exist before an action to wind up the business of the partnership was taken.|Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.Amended by: Acts 2005, 79th Leg., Ch. 64 (H.B. 1319), Sec. 94, eff. January 1, 2006.Acts 2007, 80th Leg., R.S., Ch. 688 (H.B. 1737), Sec. 127, eff. September 1, 2007.|
TX Bus Orgs § 153.504 (2021)
2021 Texas Statutes|Business Organizations Code|Title 4 - Partnerships|Chapter 153 - Limited Partnerships|Subchapter K. Supplemental Winding Up and Termination Provisions|Section 153.504. Disposition of Assets

Sec. 153.504.  DISPOSITION OF ASSETS.  On the winding up of a limited partnership, its assets shall be paid or transferred as follows:(1)  to the extent otherwise permitted by law, to creditors, including partners who are creditors other than solely because of the application of Section 153.207, for the payment or the making of reasonable provision for payment to satisfy the liabilities of the limited partnership;(2)  unless otherwise provided by the partnership agreement, to partners and former partners to satisfy the partnership's liability for distributions under Section 153.111 or 153.209; and(3)  unless otherwise provided by the partnership agreement, to partners first for the return of their capital and second with respect to their partnership interests, in the proportions provided by Sections 153.208(a) and (b).|Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.Amended by: Acts 2011, 82nd Leg., R.S., Ch. 139 (S.B. 748), Sec. 55, eff. September 1, 2011.|
TX Bus Orgs § 153.505 (2021)
2021 Texas Statutes|Business Organizations Code|Title 4 - Partnerships|Chapter 153 - Limited Partnerships|Subchapter K. Supplemental Winding Up and Termination Provisions|Section 153.505. Approval of Reinstatement

Sec. 153.505.  APPROVAL OF REINSTATEMENT.  To approve a reinstatement of a limited partnership under Section 11.202, all of the remaining partners, or another group or percentage of partners as specified by the partnership agreement, must agree in writing to reinstate and continue the business of the limited partnership.|Added by Acts 2007, 80th Leg., R.S., Ch. 688 (H.B. 1737), Sec. 128, eff. September 1, 2007.|
TX Bus Orgs § 153.551 (2021)
2021 Texas Statutes|Business Organizations Code|Title 4 - Partnerships|Chapter 153 - Limited Partnerships|Subchapter L. Miscellaneous Provisions|Section 153.551. Records

Sec. 153.551.  RECORDS.  (a)  A domestic limited partnership shall maintain the following records in its principal office in the United States or make the records available in that office not later than the fifth day after the date on which a written request under Section 153.552(a) is received:(1)  a current list that states:(A)  the name and mailing address of each partner, separately identifying in alphabetical order the general partners and the limited partners;(B)  the last known street address of the business or residence of each general partner;(C)  the percentage or other interest in the partnership owned by each partner; and(D)  if one or more classes or groups are established under the partnership agreement, the names of the partners who are members of each specified class or group;(2)  a copy of:(A)  the limited partnership's federal, state, and local information or income tax returns for each of the partnership's six most recent tax years;(B)  the partnership agreement and certificate of formation; and(C)  all amendments or restatements;(3)  copies of any document that creates, in the manner provided by the partnership agreement, classes or groups of partners;(4)  an executed copy of any powers of attorney under which the partnership agreement, certificate of formation, and all amendments or restatements to the agreement and certificate have been executed;(5)  unless contained in the written partnership agreement, a written statement of:(A)  the amount of the cash contribution and a description and statement of the agreed value of any other contribution made by each partner;(B)  the amount of the cash contribution and a description and statement of the agreed value of any other contribution that the partner has agreed to make in the future as an additional contribution;(C)  the events requiring additional contributions to be made or the date on which additional contributions are to be made;(D)  the events requiring the winding up of the limited partnership; and(E)  the date on which each partner in the limited partnership became a partner; and(6)  books and records of the accounts of the limited partnership.(b)  All books and records required to be maintained by a limited partnership under this section may be maintained in any form and manner permitted under Section 3.151(b).(c)  A limited partnership shall keep in its registered office in this state and make available to a partner on reasonable request the street address of its principal office in the United States in which the records required by this section are maintained or made available.|Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.Amended by: Acts 2007, 80th Leg., R.S., Ch. 688 (H.B. 1737), Sec. 129, eff. September 1, 2007.Acts 2011, 82nd Leg., R.S., Ch. 139 (S.B. 748), Sec. 56, eff. September 1, 2011.Acts 2019, 86th Leg., R.S., Ch. 658 (S.B. 1859), Sec. 14, eff. September 1, 2019.|
TX Bus Orgs § 153.552 (2021)
2021 Texas Statutes|Business Organizations Code|Title 4 - Partnerships|Chapter 153 - Limited Partnerships|Subchapter L. Miscellaneous Provisions|Section 153.552. Examination of Records and Information

Sec. 153.552.  EXAMINATION OF RECORDS AND INFORMATION.  (a)  On written request stating a proper purpose, a partner or an assignee of a partnership interest may examine and copy, in person or through a representative, records required to be kept under Section 153.551 and other information regarding the business, affairs, and financial condition of the limited partnership as is just and reasonable for the person to examine and copy.(b)  The records requested under Subsection (a) may be examined and copied at a reasonable time and at the partner's sole expense.(c)  On written request by a partner or an assignee of a partnership interest, the partnership shall provide to the requesting partner or assignee without charge copies of:(1)  the partnership agreement and certificate of formation and all amendments or restatements;  and(2)  any tax return described by Section 153.551(a)(2).(d)  A request made under Subsection (c) must be made to:(1)  the person who is designated to receive the request in the partnership agreement at the address designated in the partnership agreement;  or(2)  if there is no designation, a general partner at the partnership's principal office in the United States.|Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.|
TX Bus Orgs § 153.5521 (2021)
2021 Texas Statutes|Business Organizations Code|Title 4 - Partnerships|Chapter 153 - Limited Partnerships|Subchapter L. Miscellaneous Provisions|Section 153.5521. Penalty for Refusal to Permit Examination of Certain Records

Sec. 153.5521.  PENALTY FOR REFUSAL TO PERMIT EXAMINATION OF CERTAIN RECORDS.  (a)  A limited partnership that refuses to allow a partner or assignee of a partnership interest to examine and copy, on written request that complies with Section 153.552(a), records or other information described by that section is liable to the partner or assignee for any cost or expense, including attorney's fees, incurred in enforcing the partner's or assignee's rights under Section 153.552.  The liability imposed on a limited partnership under this subsection is in addition to any other damages or remedy afforded to the partner or assignee by law.(b)  It is a defense to an action brought under this section that the person suing:(1)  has improperly used information obtained through a prior examination of the records or other information of the limited partnership or any other limited partnership under Section 153.552; or(2)  was not acting in good faith or for a proper purpose in making the person's request for examination.|Added by Acts 2017, 85th Leg., R.S., Ch. 74 (S.B. 1517), Sec. 15, eff. September 1, 2017.|
TX Bus Orgs § 153.553 (2021)
2021 Texas Statutes|Business Organizations Code|Title 4 - Partnerships|Chapter 153 - Limited Partnerships|Subchapter L. Miscellaneous Provisions|Section 153.553. Execution of Filings

Sec. 153.553.  EXECUTION OF FILINGS.(a)  Except as provided by Subsection (a-1), a filing instrument required by this code to be filed by a limited partnership with the secretary of state must be signed by at least one general partner.(a-1) The following certificates shall be executed as follows:(1)  an initial certificate of formation must be signed as provided in Section 3.004(b)(1);(2)  a certificate of amendment or restated certificate of formation must be signed by at least one general partner and by each other general partner designated in the certificate of amendment as a new general partner, unless signed and filed by a person under Section 153.052(b) or (c), but the certificate of amendment need not be signed by a withdrawing general partner;(3)  a certificate of termination must be signed by all general partners participating in the winding up of the limited partnership's business or, if no general partners are winding up the limited partnership's business, by all nonpartner liquidators or, if the limited partners are winding up the limited partnership's business, by a majority-in-interest of the limited partners;(4)  a certificate of merger, conversion, or exchange  filed on behalf of a domestic limited partnership must be signed as provided by Chapter 10; and(5)  a certificate filed under Subchapter G, Chapter 10, must be signed by the person designated by the court.(b)  Any person may sign a certificate or partnership agreement or amendment or restated certificate by an attorney in fact.  A power of attorney relating to the signing of a certificate or partnership agreement or amendment or restated certificate by an attorney in fact:(1)  is not required to be sworn to, verified, or acknowledged;(2)  is not required to be filed with the secretary of state;  and(3)  shall be retained with the partnership records under Sections 153.551 and 153.552.(c)  The execution of a certificate by a general partner or the execution of a written statement by a person under Section 153.106(2) is an oath or affirmation, under a penalty of perjury, that, to the best of the executing party's knowledge and belief, the facts stated in the certificate or statement are true.|Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.Amended by: Acts 2005, 79th Leg., Ch. 64 (H.B. 1319), Sec. 95, eff. January 1, 2006.Acts 2007, 80th Leg., R.S., Ch. 688 (H.B. 1737), Sec. 130, eff. September 1, 2007.Acts 2007, 80th Leg., R.S., Ch. 688 (H.B. 1737), Sec. 131, eff. September 1, 2007.|
TX Bus Orgs § 153.554 (2021)
2021 Texas Statutes|Business Organizations Code|Title 4 - Partnerships|Chapter 153 - Limited Partnerships|Subchapter L. Miscellaneous Provisions|Section 153.554. Execution, Amendment, or Cancellation by Judicial Order

Sec. 153.554.  EXECUTION, AMENDMENT, OR CANCELLATION BY JUDICIAL ORDER.  (a)  If a person fails or refuses to execute or file a certificate as required by this chapter or Title 1 or to execute a partnership agreement, another person adversely affected by the failure or refusal may petition a court to direct the execution or filing of the certificate or the execution of the partnership agreement, as appropriate.(b)  If the court finds that the execution or filing of the certificate is proper and that a person required to execute or file the certificate has failed or refused to execute or file the certificate, the court shall order the secretary of state to record an appropriate certificate.(c)  The judicial remedy described by Subsection (b) is not a limit on the rights of a person to file a written statement under Section 153.106(2).(d)  If the court finds that the partnership agreement should be executed and that a person required to execute the partnership agreement has failed or refused to execute the agreement, the court shall enter an order granting appropriate relief.(e)  If a court enters an order in favor of the adversely affected person requesting relief under this section, the court shall award to that person reasonable expenses, including reasonable attorney's fees.|Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.|
TX Bus Orgs § 153.555 (2021)
2021 Texas Statutes|Business Organizations Code|Title 4 - Partnerships|Chapter 153 - Limited Partnerships|Subchapter L. Miscellaneous Provisions|Section 153.555. Permitted Transfer in Connection With Racetrack License

Sec. 153.555.  PERMITTED TRANSFER IN CONNECTION WITH RACETRACK LICENSE.  The following transfer relating to a limited partnership is not a prohibited transfer that violates Section 2025.107(a), Occupations Code:(1)  a transfer by a general partnership of its assets to a limited partnership, the corporate general partner of which is controlled by the partners of the general partnership; or(2)  a transfer by a limited partnership of the beneficial use of or interest in any of its rights, privileges, or assets to a local development corporation incorporated before January 31, 1993, under Subchapter D, Chapter 431, Transportation Code.|Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.Amended by: Acts 2017, 85th Leg., R.S., Ch. 963 (S.B. 1969), Sec. 2.02, eff. April 1, 2019.|
TX Bus Orgs § 154.001 (2021)
2021 Texas Statutes|Business Organizations Code|Title 4 - Partnerships|Chapter 154 - Provisions Applicable to Both General and Limited Partnerships|Subchapter A. Partnership Interests|Section 154.001. Nature of Partner's Partnership Interest

Sec. 154.001.  NATURE OF PARTNER'S PARTNERSHIP INTEREST.  (a)  A partner's partnership interest is personal property for all purposes.(b)  A partner's partnership interest may be community property under applicable law.(c)  A partner is not a co-owner of partnership property.(d)  Sections 9.406 and 9.408, Business & Commerce Code, do not apply to a partnership interest in a partnership, including the rights, powers, and interests arising under the governing documents of the partnership or under this code.  To the extent of any conflict between this subsection and Section 9.406 or 9.408, Business & Commerce Code, this subsection controls.  It is the express intent of this subsection to permit the enforcement, as a contract among the partners of a partnership, of any provision of a partnership agreement that would otherwise be ineffective under Section 9.406 or 9.408, Business & Commerce Code.|Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.Amended by: Acts 2009, 81st Leg., R.S., Ch. 84 (S.B. 1442), Sec. 57, eff. September 1, 2009.|
TX Bus Orgs § 154.002 (2021)
2021 Texas Statutes|Business Organizations Code|Title 4 - Partnerships|Chapter 154 - Provisions Applicable to Both General and Limited Partnerships|Subchapter A. Partnership Interests|Section 154.002. Transfer of Interest in Partnership Property Prohibited

Sec. 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.|Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.|
TX Bus Orgs § 154.101 (2021)
2021 Texas Statutes|Business Organizations Code|Title 4 - Partnerships|Chapter 154 - Provisions Applicable to Both General and Limited Partnerships|Subchapter B. Partnership Agreement|Section 154.101. Class or Group of Partners

Sec. 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.(b)  The rights, powers, or duties of a class or group of partners may be senior to those partners of an existing class or group.|Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.Amended by: Acts 2017, 85th Leg., R.S., Ch. 74 (S.B. 1517), Sec. 16, eff. September 1, 2017.|
TX Bus Orgs § 154.102 (2021)
2021 Texas Statutes|Business Organizations Code|Title 4 - Partnerships|Chapter 154 - Provisions Applicable to Both General and Limited Partnerships|Subchapter B. Partnership Agreement|Section 154.102. Provisions Relating to Voting

Sec. 154.102.  PROVISIONS RELATING TO VOTING.  A partnership agreement that grants or provides for granting a right to vote to a partner may contain a provision relating to:(1)  giving notice of the time, place, or purpose of a meeting at which a matter is to be voted on by the partners;(2)  waiver of notice;(3)  action by consent without a meeting;(4)  the establishment of a record date;(5)  quorum requirements;(6)  voting in person or by proxy; or(7)  other matters relating to the exercise of the right to vote.|Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.Amended by: Acts 2017, 85th Leg., R.S., Ch. 74 (S.B. 1517), Sec. 17, eff. September 1, 2017.|
TX Bus Orgs § 154.104 (2021)
2021 Texas Statutes|Business Organizations Code|Title 4 - Partnerships|Chapter 154 - Provisions Applicable to Both General and Limited Partnerships|Subchapter B. Partnership Agreement|Section 154.104. Rights of Third Persons Under Partnership Agreement

Sec. 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.|Added by Acts 2013, 83rd Leg., R.S., Ch. 9 (S.B. 847), Sec. 10, eff. September 1, 2013.|
TX Bus Orgs § 154.105 (2021)
2021 Texas Statutes|Business Organizations Code|Title 4 - Partnerships|Chapter 154 - Provisions Applicable to Both General and Limited Partnerships|Subchapter B. Partnership Agreement|Section 154.105. Partnership Bound by Partnership Agreement

Sec. 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.|Added by Acts 2017, 85th Leg., R.S., Ch. 74 (S.B. 1517), Sec. 18, eff. September 1, 2017.|
TX Bus Orgs § 154.201 (2021)
2021 Texas Statutes|Business Organizations Code|Title 4 - Partnerships|Chapter 154 - Provisions Applicable to Both General and Limited Partnerships|Subchapter C. Partnership Transactions and Relationships|Section 154.201. Business Transactions Between Partner and Partnership

Sec. 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.|Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.|
TX Bus Orgs § 154.202 (2021)
2021 Texas Statutes|Business Organizations Code|Title 4 - Partnerships|Chapter 154 - Provisions Applicable to Both General and Limited Partnerships|Subchapter C. Partnership Transactions and Relationships|Section 154.202. Effect of Partner Change on Relationship Between Partnership and Creditors

Sec. 154.202.  EFFECT OF PARTNER CHANGE ON RELATIONSHIP BETWEEN PARTNERSHIP AND CREDITORS.  The relationships between a partnership and its creditors are not affected by the:(1)  withdrawal of a partner;  or(2)  addition of a new partner.|Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.|
TX Bus Orgs § 154.203 (2021)
2021 Texas Statutes|Business Organizations Code|Title 4 - Partnerships|Chapter 154 - Provisions Applicable to Both General and Limited Partnerships|Subchapter C. Partnership Transactions and Relationships|Section 154.203. Distributions in Kind

Sec. 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.(b)  Except as provided by the partnership agreement, a partner may not be compelled to accept a disproportionate distribution of an asset in kind from a partnership to the extent that the percentage portion of assets distributed to the partner exceeds the percentage of those assets that equals the percentage in which the partner shares in distributions from the partnership.|Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.|
TX Bus Orgs § 154.204 (2021)
2021 Texas Statutes|Business Organizations Code|Title 4 - Partnerships|Chapter 154 - Provisions Applicable to Both General and Limited Partnerships|Subchapter C. Partnership Transactions and Relationships|Section 154.204. Irrevocable Power of Attorney

Sec. 154.204.  IRREVOCABLE POWER OF ATTORNEY.  (a)  This section applies only to:(1)  a power of attorney with respect to matters relating to the organization, internal affairs, or termination of a partnership; or(2)  a power of attorney granted by:(A)  a person as a partner of or a transferee or assignee of a partnership interest in a partnership; or(B)  a person seeking to become a partner of or a transferee or assignee of a partnership interest in a partnership.(b)  A power of attorney is irrevocable for all purposes if the power of attorney:(1)  is coupled with an interest sufficient in law to support an irrevocable power; and(2)  states that it is irrevocable.(c)  Unless otherwise provided in the power of attorney, an irrevocable power of attorney created under this section is not affected by the subsequent death, disability, incapacity, winding up, dissolution, termination of existence, or bankruptcy of, or any other event concerning, the principal.(d)  A power of attorney granted to the partnership, a partner of the partnership, or any of their respective officers, directors, managers, members, partners, trustees, employees, or agents is conclusively presumed to be coupled with an interest sufficient in law to support an irrevocable power.|Added by Acts 2015, 84th Leg., R.S., Ch. 23 (S.B. 859), Sec. 7, eff. September 1, 2015.|
TX Bus Orgs § 200.001 (2021)
2021 Texas Statutes|Business Organizations Code|Title 5 - Real Estate Investment Trusts|Chapter 200 - Real Estate Investment Trusts|Subchapter A. General Provisions|Section 200.001. Definition

Sec. 200.001.  DEFINITION.  In this chapter, "real estate investment trust" means an unincorporated trust:(1)  formed by one or more trust managers under this chapter and Chapter 3;  and(2)  managed under this chapter.|Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.|
TX Bus Orgs § 200.002 (2021)
2021 Texas Statutes|Business Organizations Code|Title 5 - Real Estate Investment Trusts|Chapter 200 - Real Estate Investment Trusts|Subchapter A. General Provisions|Section 200.002. Applicability of Chapter

Sec. 200.002.  APPLICABILITY OF CHAPTER.  (a)  The provisions of Chapters 20 and 21 govern a matter to the extent that this chapter or Title 1 does not govern the matter.(b)  An unincorporated trust that does not meet the requirements of this chapter is an unincorporated association.|Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.|