152.609 – ACTION TO DETERMINE TERMS OF REDEMPTION. (a) A
Texas Business Organizations Code § 152.609
Summary
This law allows a withdrawn partner or the partnership to file a lawsuit to clarify the terms of redeeming a partner's interest. It specifies the timing for initiating such actions, ensuring they are filed within one year of certain events.
Allows action to clarify redemption terms for a withdrawn partner.
Must be filed within one year of specified events.
Covers contribution obligations and other redemption terms.
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In simple terms: Learn about Texas's ACTION TO DETERMINE TERMS OF REDEMPTION. (a) A 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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