Tex. Business Organizations Code § 152.606
This is the official text of Tex. Business Organizations Code § 152.606, part of Texas’s Business Organizations Code — governs the formation and operation of corporations, LLCs, and partnerships.
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§ 152.606. INDEMNIFICATION OF WITHDRAWN PARTNER.
Official statutory text
A partnership shall indemnify a withdrawn partner whose interest is redeemed against all partnership obligations, whether incurred before or after the date of withdrawal, except for an obligation incurred by an act of the withdrawn partner under Section 152.504.
Status: in_force · Read it on the official government site
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