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Texas Business Organizations Code - BUS ORG § 153.201. Form of Contribution

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

The contribution of a partner may consist of a tangible or intangible benefit to the limited partnership or other property of any kind or nature, including:

(1) cash;

(2) a promissory note;

(3) services performed;

(4) a contract for services to be performed;  and

(5) another interest in or security of the limited partnership, another domestic or foreign limited partnership, or other entity.

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Cite this article: FindLaw.com - Texas Business Organizations Code - BUS ORG § 153.201. Form of Contribution - last updated January 01, 2024 | https://codes.findlaw.com/tx/business-organizations-code/bus-org-sect-153-201/

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 before relying on it for your legal needs.

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