Tex. Business Organizations Code § 152.704
This is the official text of Tex. Business Organizations Code § 152.704, part of Texas’s Business Organizations Code — governs the formation and operation of corporations, LLCs, and partnerships.
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§ 152.704. BINDING EFFECT OF PARTNER'S ACTION AFTER EVENT REQUIRING WINDING UP.
Official statutory text
After the occurrence of an event requiring winding up of the partnership business, a partnership is bound by a partner's act that:
(1) is appropriate for winding up; or
(2) would bind the partnership under Sections 152.301 and 152.302 before the occurrence of the event requiring winding up, if the other party to the transaction does not have notice that an event requiring winding up has occurred.
(1) is appropriate for winding up; or
(2) would bind the partnership under Sections 152.301 and 152.302 before the occurrence of the event requiring winding up, if the other party to the transaction does not have notice that an event requiring winding up has occurred.
Status: in_force · Read it on the official government site
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