152.207 – STANDARDS OF CONDUCT APPLICABLE TO PERSON WINDING
Texas Business Organizations Code § 152.207
Summary
This law establishes that the standards of conduct for partners also apply to individuals winding up a partnership's business. It ensures that the person acting on behalf of the last surviving partner adheres to the same ethical and legal obligations as the partners themselves.
Applies to individuals winding up partnership businesses.
Holds representatives to the same standards as partners.
Ensures ethical conduct during the winding-up process.
Frequently Asked Questions
Why Attorneys Choose FlawFinder
Side-by-side with Westlaw and LexisNexis
Feature
FlawFinder
Westlaw
LexisNexis
Monthly price
$19 - $99
$133 - $646
$153 - $399
Contract
None
1-3 year min
1-6 year min
Hidden fees
$0, always
Up to $469/search
$25/mo + per-doc
Police SOPs
✓ 310+ departments
✗
✗
Zero-hallucination AI
✓ CitationGuard
✗
✗
Cancel
One click
Termination fees
No option to cancel
Explain Like I'm 5
In simple terms: Learn about Texas's STANDARDS OF CONDUCT APPLICABLE TO PERSON WINDING law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
FlawFinder provides legal information, not legal advice. Consult a licensed attorney for specific legal guidance.