153.002 – CONSTRUCTION. (a) This chapter and the other
Texas Business Organizations Code § 153.002
Summary
This law aims to standardize the application of limited partnership provisions across states with similar laws. It clarifies that the usual strict construction rule for statutes that alter common law does not apply to these provisions.
Promotes uniformity in limited partnership laws across states.
Exempts these provisions from strict construction rules.
Affects legal interpretation of limited partnerships in Texas.
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In simple terms: Learn about Texas's CONSTRUCTION. (a) This chapter and the 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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