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Texas Business Organizations Code - BUS ORG § 152.704. Binding Effect of Partner's Action After Event Requiring Winding Up

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

After the occurrence of an event requiring winding up of the partnership business, a partnership is bound by a partner's act that:

(1) is appropriate for winding up; or

(2) would bind the partnership under Sections 152.301 and 152.302 before the occurrence of the event requiring winding up, if the other party to the transaction does not have notice that an event requiring winding up has occurred.

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Cite this article: FindLaw.com - Texas Business Organizations Code - BUS ORG § 152.704. Binding Effect of Partner's Action After Event Requiring Winding Up - last updated January 01, 2024 | https://codes.findlaw.com/tx/business-organizations-code/bus-org-sect-152-704/

Read this complete Texas Business Organizations Code - BUS ORG § 152.704. Binding Effect of Partner's Action After Event Requiring Winding Up on Westlaw. Westlaw subscription required.

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