153.5521 – PENALTY FOR REFUSAL TO PERMIT EXAMINATION OF
Texas Business Organizations Code § 153.5521
Summary
This law mandates that limited partnerships must allow partners or assignees to examine and copy certain records upon written request. If a partnership refuses this access, they may be liable for costs incurred by the partner or assignee in enforcing their rights, including attorney's fees.
Limited partnerships must permit record examination by partners or assignees.
Refusal to comply can result in liability for costs and attorney's fees.
Written requests must adhere to specific requirements outlined in the law.
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In simple terms: Learn about Texas's PENALTY FOR REFUSAL TO PERMIT EXAMINATION OF 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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