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Tex. Bus. Orgs. Code § 153.401

DEFINITIONS

Applied in 3 court decisions — leading case Wesolek v. Layton (2012)

Most recently applied in In re Dilick (April 2018)

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

In this subchapter:

(1) "Derivative proceeding" means a civil suit in the right of a domestic limited partnership or, to the extent provided by Section 153.412, in the right of a foreign limited partnership.

(2) "Limited partner" means a person who is a limited partner or is an assignee of a partnership interest, including the partnership interest of a general partner.

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