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Tex. Bus. Orgs. Code § 152.701

EFFECT OF EVENT REQUIRING WINDING UP

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

On the occurrence of an event requiring winding up of a partnership business under Section 11.051 or 11.057:

(1) the partnership continues until the winding up of its business is completed, at which time the partnership is terminated; and

(2) the relationship among the partners is changed as provided by this subchapter.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.