152.214 – CERTAIN THIRD-PARTY OBLIGATIONS NOT AFFECTED.
Texas Business Organizations Code § 152.214
Summary
This law clarifies that certain sections regarding partnership obligations do not limit a partnership's responsibilities to third parties. It ensures that partnerships remain accountable for their obligations under specified sections, regardless of other provisions.
Partnership obligations to third parties are upheld.
Does not limit responsibilities outlined in Sections 152.301 and 152.302.
Maintains accountability in partnership agreements.
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In simple terms: Learn about Texas's CERTAIN THIRD-PARTY OBLIGATIONS NOT AFFECTED. 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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