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Texas Business Organizations Code - BUS ORG § 153.552. Examination of Records and Information

Current as of April 14, 2021 | Updated by FindLaw Staff

(a) On written request stating a proper purpose, a partner or an assignee of a partnership interest may examine and copy, in person or through a representative, records required to be kept under Section 153.551 and other information regarding the business, affairs, and financial condition of the limited partnership as is just and reasonable for the person to examine and copy.

(b) The records requested under Subsection (a) may be examined and copied at a reasonable time and at the partner's sole expense.

(c) On written request by a partner or an assignee of a partnership interest, the partnership shall provide to the requesting partner or assignee without charge copies of:

(1) the partnership agreement and certificate of formation and all amendments or restatements;  and

(2) any tax return described by Section 153.551(a)(2).

(d) A request made under Subsection (c) must be made to:

(1) the person who is designated to receive the request in the partnership agreement at the address designated in the partnership agreement;  or

(2) if there is no designation, a general partner at the partnership's principal office in the United States.

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Cite this article: FindLaw.com - Texas Business Organizations Code - BUS ORG § 153.552. Examination of Records and Information - last updated April 14, 2021 | https://codes.findlaw.com/tx/business-organizations-code/bus-org-sect-153-552/

Read this complete Texas Business Organizations Code - BUS ORG § 153.552. Examination of Records and Information on Westlaw

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