Tex. Bus. Org. Code § 152.606

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 152.606 - Indemnification of Withdrawn Partner

A partnership shall indemnify a withdrawn partner whose interest is redeemed against all partnership obligations, whether incurred before or after the date of withdrawal, except for an obligation incurred by an act of the withdrawn partner under Section 152.504.

Tex. Bus. Org. Code § 152.606

Amended by Acts 2019, Texas Acts of the 86th Leg.- Regular Session, ch. 658,Sec. 13, eff. 9/1/2019.

Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. 1/1/2006.