10.009 – SPECIAL PROVISIONS APPLYING TO PARTNERSHIP
Texas Business Organizations Code § 10.009
Summary
This law protects partners in a domestic partnership from being personally liable for another party's obligations during a merger, unless they explicitly consent to such liability. It ensures that partners are only responsible for their own liabilities unless they agree otherwise in the merger plan.
Partners are not liable for others' obligations in a merger.
Liability requires explicit consent from the partner.
Applies specifically to domestic partnerships during mergers.
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In simple terms: Learn about Texas's SPECIAL PROVISIONS APPLYING TO PARTNERSHIP law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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