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Tex. Bus. Orgs. Code § 153.209

INTERIM DISTRIBUTIONS

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

Except as otherwise provided by this section and Section 153.210, a partner is entitled to receive a distribution from a limited partnership to the extent and at the time or on the occurrence of an event specified in the partnership agreement before:

(1) the partner withdraws from the partnership; and

(2) the winding up of the partnership business.

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