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Current as of April 14, 2021 | Updated by FindLaw Staff
(a) If a partnership is formed under a plan of conversion under this code, the existence of the partnership as a partnership begins when the conversion takes effect, and the owners or members designated to become the partners under the plan of conversion become the partners at that time.
(b) The partnership agreement of a domestic partnership that is converting must contain provisions that authorize the conversion provided for in the plan of conversion adopted by the partnership.
(c) A domestic partnership that is converting must approve the plan of conversion in the manner provided in its partnership agreement.
Cite this article: FindLaw.com - Texas Business Organizations Code - BUS ORG § 10.107. Special Provisions Applying to Partnership Conversions - last updated April 14, 2021 | https://codes.findlaw.com/tx/business-organizations-code/bus-org-sect-10-107/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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