DECISION-MAKING REQUIREMENT
Applied in 2 court decisions — leading case 871 F. Supp. 2d 620 - Wesolek ex rel. Layton Energy Wharton Fund, LP v. Layton (2012)
Most recently applied in Wesolek v. Layton (December 2012)
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff
(a) A difference arising in a matter in the ordinary course of the partnership business may be decided by a majority-in-interest of the partners.
(b) An act outside the ordinary course of business of a partnership may be undertaken only with the consent of all partners.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.