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Texas Business Organizations Code - BUS ORG § 152.001. Definitions

Current as of January 01, 2024 | Updated by Findlaw Staff

In this chapter:

(1) “Event of withdrawal” or “withdrawal” means an event specified by Section 152.501(b).

(2) “Event requiring a winding up” means an event specified by Section 11.051 or 11.057.

(3) “Foreign limited liability partnership” means a partnership that:

(A) is foreign; and

(B) has the status of a limited liability partnership pursuant to the laws of the jurisdiction of formation.

(4) “Other partnership provisions” means the provisions of Chapters 151 and 154 and Title 1  1 to the extent applicable to partnerships.

(5) “Transfer” includes:

(A) an assignment;

(B) a conveyance;

(C) a lease;

(D) a mortgage;

(E) a deed;

(F) an encumbrance; and

(G) the creation of a security interest.

(6) “Withdrawn partner” means a partner with respect to whom an event of withdrawal has occurred.

1 V.T.C.A., Business Organizations Code § 1.001 et seq.
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Cite this article: FindLaw.com - Texas Business Organizations Code - BUS ORG § 152.001. Definitions - last updated January 01, 2024 | https://codes.findlaw.com/tx/business-organizations-code/bus-org-sect-152-001/

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