153.412 – APPLICATION TO FOREIGN LIMITED PARTNERSHIPS. (a)
Texas Business Organizations Code § 153.412
Summary
This law specifies that in derivative actions involving foreign limited partnerships, the governing law is that of the partnership's formation jurisdiction. However, certain procedural sections remain applicable regardless of the foreign jurisdiction's laws.
Governs derivative proceedings for foreign limited partnerships.
Applicable laws are from the partnership's formation jurisdiction.
Certain procedural provisions are universally applicable.
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In simple terms: Learn about Texas's APPLICATION TO FOREIGN LIMITED PARTNERSHIPS. (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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