153.113 – POWERS OF ESTATE OF LIMITED PARTNER WHO IS
Texas Business Organizations Code § 153.113
Summary
This law allows the legal representatives of a deceased or incapacitated limited partner to manage their rights and powers. It ensures that the estate can be settled and property administered effectively, even when the limited partner is unable to act.
Applies to deceased or incapacitated limited partners.
Legal representatives can exercise the partner's rights.
Facilitates estate settlement and property management.
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In simple terms: Learn about Texas's POWERS OF ESTATE OF LIMITED PARTNER WHO IS 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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