Sec. 1151.154.  ADMINISTRATION OF PARTNERSHIP INTEREST. (a)  This section applies only to a general partnership governed by a partnership agreement or articles of partnership that provide that, on the incapacity of a partner, the guardian of the estate of the partner is entitled to the place of the incapacitated partner in the partnership.
(b)  If a ward was a partner in a general partnership, the guardian who contracts to come into the partnership is, to the extent allowed by law, liable to a third person only to the extent of:
(1)  the incapacitated partner's capital in the partnership; and
(2)  the assets of the incapacitated partner's estate that are held by the guardian.
(c)  This section does not exonerate a guardian from liability for the guardian's negligence.
Added by Acts 2011, 82nd Leg., R.S., Ch. 823 (H.B. 2759), Sec. 1.02, eff. January 1, 2014.