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Tex. Bus. Orgs. Code § 153.111

DISTRIBUTION ON WITHDRAWAL

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

Except as otherwise provided by Section 153.210 or the partnership agreement, on withdrawal a withdrawing limited partner is entitled to receive, not later than a reasonable time after withdrawal, the fair value of that limited partner's interest in the limited partnership as of the date of withdrawal.

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