Sec. 152.202.  CREDITS OF AND CHARGES TO PARTNER.  (a)  Each partner is credited with an amount equal to:
(1)  the cash and the value of property the partner contributes to a partnership;  and
(2)  the partner's share of the partnership's profits.
(b)  Each partner is charged with an amount equal to:
(1)  the cash and the value of other property distributed by the partnership to the partner;  and
(2)  the partner's share of the partnership's losses.
(c)  Each partner is entitled to be credited with an equal share of the partnership's profits and is chargeable with a share of the partnership's capital or operating losses in proportion to the partner's share of the profits.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.