152.805 – LIMITED PARTNERSHIP. A limited partnership may
Texas Business Organizations Code § 152.805
Summary
This law allows a limited partnership to convert into a limited liability partnership by following specific procedures outlined in Chapter 153. It affects limited partnerships seeking to limit their liability exposure while maintaining their business structure.
Limited partnerships can transition to limited liability partnerships.
Must comply with Chapter 153 provisions.
Effective since January 1, 2006.
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In simple terms: Learn about Texas's LIMITED PARTNERSHIP. A limited partnership may 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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