153.151 – ADMISSION OF GENERAL PARTNERS. (a) After a
Texas Business Organizations Code § 153.151
Summary
This law outlines how additional general partners can be admitted to a limited partnership in Texas. It specifies that either a written partnership agreement must allow for new general partners, or all existing partners must consent in writing if no such provision exists.
Additional general partners can be admitted post-formation.
Admission requires adherence to the partnership agreement or unanimous consent.
A person becomes a general partner by entering the partnership agreement.
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In simple terms: Learn about Texas's ADMISSION OF GENERAL PARTNERS. (a) After 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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