152.003 – SUPPLEMENTAL PRINCIPLES OF LAW. The principles
Texas Business Organizations Code § 152.003
Summary
This section establishes that the principles of law and equity, along with other partnership provisions, apply to partnerships unless specified otherwise. It ensures that general legal principles complement the specific rules governing partnerships in Texas.
Principles of law and equity supplement partnership provisions.
Applies unless otherwise stated in the chapter.
Ensures comprehensive legal framework for partnerships.
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In simple terms: Learn about Texas's SUPPLEMENTAL PRINCIPLES OF LAW. The principles 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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