154.002 – TRANSFER OF INTEREST IN PARTNERSHIP PROPERTY
Texas Business Organizations Code § 154.002
Summary
This law prohibits partners from transferring their interest in partnership property, whether voluntarily or involuntarily. It affects all partners within a partnership, ensuring that partnership property remains tied to the partnership itself.
Partners cannot transfer interest in partnership property.
Applies to both voluntary and involuntary transfers.
Maintains the integrity of partnership property ownership.
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In simple terms: Learn about Texas's TRANSFER OF INTEREST IN PARTNERSHIP PROPERTY 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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