153.351 – REQUIREMENTS. A limited partnership is a limited
Texas Business Organizations Code § 153.351
Summary
This law outlines the requirements for a limited partnership to register as a limited liability partnership in Texas. It specifies the conditions under which a partnership can transition to this status, including the need for partner consent if the partnership agreement lacks relevant provisions.
Limited partnerships can register as limited liability partnerships.
Consent from partners is required if the agreement lacks provisions.
Registration must align with the partnership agreement.
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In simple terms: Learn about Texas's REQUIREMENTS. A limited partnership is a limited 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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