Gavvy: Bus. Orgs. Code, Sec. 153.154. Contributions by and Distributions to General Partner.

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Sec. 153.154. Contributions by and Distributions to General Partner.

Sec. 153.154. CONTRIBUTIONS BY AND DISTRIBUTIONS TO GENERAL PARTNER. A general partner of a limited partnership may make a contribution to, be allocated profits and losses of, and receive a distribution from the limited partnership as a general partner, a limited partner, or both.

Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.

Gavvy last updated this database on: Sep 6, 2024