153.004 – NONWAIVABLE TITLE 1 PROVISIONS. (a) Except as
Texas Business Organizations Code § 153.004
Summary
This law establishes that certain provisions in Title 1 of the Texas Business Organizations Code cannot be waived or modified in a limited partnership agreement. It ensures that specific foundational rules remain intact, providing consistency and clarity in partnership operations.
Certain Title 1 provisions are nonwaivable in partnership agreements.
Maintains consistency in partnership operations and definitions.
Excludes specific sections from waiver restrictions.
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In simple terms: Learn about Texas's NONWAIVABLE TITLE 1 PROVISIONS. (a) Except as 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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