153.255 – LIABILITY OF ASSIGNOR. Regardless of whether an
Texas Business Organizations Code § 153.255
Summary
This law establishes that an assignor of a partnership interest remains liable to the limited partnership, even if the assignee becomes a limited partner. It clarifies that the assignor's obligations under specific sections of the law are not extinguished by the assignment.
Liability remains under specific sections of the code.
Assignee's status as limited partner does not affect assignor's obligations.
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In simple terms: Learn about Texas's LIABILITY OF ASSIGNOR. Regardless of whether an 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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