Tex. Business Organizations Code § 153.112
This is the official text of Tex. Business Organizations Code § 153.112, part of Texas’s Business Organizations Code — governs the formation and operation of corporations, LLCs, and partnerships.
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§ 153.112. RECEIPT OF WRONGFUL DISTRIBUTION.
Official statutory text
A limited partner who receives a distribution that is not permitted under Section 153.210 is not required to return the distribution unless the limited partner knew that the distribution violated the prohibition of Section 153.210. This section does not affect an obligation of the limited partner under the partnership agreement, another agreement, or other applicable law to return the distribution.
Status: in_force · Read it on the official government site
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