152.053 – QUALIFICATIONS TO BE PARTNER; NONPARTNER'S
Texas Business Organizations Code § 152.053
Summary
This law outlines the qualifications necessary to be a partner in a partnership and clarifies that non-partners are not liable to third parties. It ensures that individuals lacking capacity cannot be partners and protects non-partners from liability under certain conditions.
Individuals must have capacity to be a partner.
Non-partners are not liable to third parties.
Exceptions exist as specified in Section 152.307.
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In simple terms: Learn about Texas's QUALIFICATIONS TO BE PARTNER; NONPARTNER'S 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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