152.210 – PARTNER'S LIABILITY TO PARTNERSHIP AND OTHER
Texas Business Organizations Code § 152.210
Summary
This law establishes that partners in a partnership are liable to both the partnership and other partners for breaching the partnership agreement or violating their duties. It ensures accountability among partners for actions that harm the partnership or fellow partners.
Partners are liable for breaching the partnership agreement.
Liability extends to violations of duties under this chapter.
Harm caused to the partnership or partners triggers liability.
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In simple terms: Learn about Texas's PARTNER'S LIABILITY TO PARTNERSHIP AND OTHER 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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