Texas Business Organizations Code - BUS ORG § 152.609. Action to Determine Terms of Redemption

(a) A withdrawn partner or the partnership may maintain an action against the other party under Section 152.211 to determine:

(b) The action must be commenced not later than the first anniversary of the later of:

(c) The court shall determine the terms of the redemption of the withdrawn partner's interest, any contribution obligation or setoff due under Section 152.603 or 152.604, and accrued interest and shall enter judgment for an additional payment or refund.

(d) If deferred payment is authorized under Section 152.608, the court shall also determine the security for payment if requested to consider whether security is appropriate.

(e) If the court finds that a party failed to tender payment or make an offer to pay or to comply with the requirements of Section 152.607(c) or otherwise acted arbitrarily, vexatiously, or not in good faith, the court may assess damages against the party, including, if appropriate, in an amount the court finds equitable: