Tex. Business Organizations Code § 154.201
This is the official text of Tex. Business Organizations Code § 154.201, part of Texas’s Business Organizations Code — governs the formation and operation of corporations, LLCs, and partnerships.
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§ 154.201. BUSINESS TRANSACTIONS BETWEEN PARTNER AND PARTNERSHIP.
Official statutory text
Except as otherwise provided by the partnership agreement, a partner may lend money to and transact other business with the partnership. Subject to other applicable law, a partner has the same rights and obligations with respect to those matters as a person who is not a partner.
Status: in_force · Read it on the official government site
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