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Texas Business Organizations Code - BUS ORG § 153.5521. Penalty for Refusal to Permit Examination of Certain Records

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

(a) A limited partnership that refuses to allow a partner or assignee of a partnership interest to examine and copy, on written request that complies with Section 153.552(a), records or other information described by that section is liable to the partner or assignee for any cost or expense, including attorney's fees, incurred in enforcing the partner's or assignee's rights under Section 153.552.  The liability imposed on a limited partnership under this subsection is in addition to any other damages or remedy afforded to the partner or assignee by law.

(b) It is a defense to an action brought under this section that the person suing:

(1) has improperly used information obtained through a prior examination of the records or other information of the limited partnership or any other limited partnership under Section 153.552;  or

(2) was not acting in good faith or for a proper purpose in making the person's request for examination.

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Cite this article: FindLaw.com - Texas Business Organizations Code - BUS ORG § 153.5521. Penalty for Refusal to Permit Examination of Certain Records - last updated January 01, 2024 | https://codes.findlaw.com/tx/business-organizations-code/bus-org-sect-153-5521/

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