Tex. Business Organizations Code § 152.701
This is the official text of Tex. Business Organizations Code § 152.701, part of Texas’s Business Organizations Code — governs the formation and operation of corporations, LLCs, and partnerships.
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§ 152.701. EFFECT OF EVENT REQUIRING WINDING UP.
Official statutory text
On the occurrence of an event requiring winding up of a partnership business under Section 11.051 or 11.057:
(1) the partnership continues until the winding up of its business is completed, at which time the partnership is terminated; and
(2) the relationship among the partners is changed as provided by this subchapter.
(1) the partnership continues until the winding up of its business is completed, at which time the partnership is terminated; and
(2) the relationship among the partners is changed as provided by this subchapter.
Status: in_force · Read it on the official government site
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