Tex. Codes » Business Organizations Code · TITLE 4. PARTNERSHIPS · CHAPTER 152. GENERAL PARTNERSHIPS
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Tex. Bus. Orgs. Code § 152.101 (2026)

Nature Of Partnership Property

✓ current as of May 2026
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Sec. 152.101. NATURE OF PARTNERSHIP PROPERTY. Partnership property is not property of the partners. A partner or a partner's spouse does not have an interest in partnership property.

Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.

Notes of Decisions
Cited in 19 cases (5 in the last 5 years), 2006–2024 · leading case: TRQ Captain's Landing L.P. v. Galveston Cent. Appraisal Dist., 212 S.W.3d 726 (Tex. App. 2006).
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TRQ Captain's Landing L.P. v. Galveston Cent. Appraisal Dist., 212 S.W.3d 726 (Tex. App. 2006). · cites it 2× “See TEX. BUS. ORG. CODE ANN. § 152.101 (Vernon Supp.”
JPMorgan Chase Bank, N.A. v. Prof'l Pharmacy II, 508 S.W.3d 391 (Tex. App. 2015). “See Tex. Bus. Org. Code Ann. §§ 152.101 (“Partnership property is not property of the partners.”
Siller v. LPP Mortg., Ltd, 264 S.W.3d 324 (Tex. App. 2008). “Tex. Bus. ORG.Code Ann. § 152.101 (Vernon 2007) (“Partnership property is not property of the partners.”
377 Realty Partners, L.P. v. Taffarello, 561 F. Supp. 2d 659 (E.D. Tex. 2007). “…partnership property is not property of the partners and the partners have no interest in the partnership property. Tex. Bus. Org. Code § 152.101 (2006).”
In re Pearson, 570 B.R. 237 (Bankr. N.D. Tex. 2017). “” Tex. Bus. Orgs. Code § 152.101. Double P Farms farms the land, which does not support the Pearsons’ homestead claim.”
in Re Breitburn Operating LP, Sucessor-In-Interest to QRE Operating, LLC Breitburn Mgmt. Co., LLC Breitburn Energy Partners, LP QR Energy, LP & Maverick Nat. Resources, LLC (Tex. App. 2022). · cites it 2× “2015) (quoting Tex. Bus. Orgs. Code § 152.056). “As an independent entity, a partnership may enter into contracts in its own name, may own its own property, and may sue and be sued in its own name.”
WC 4th & Colorado, LP v. Colorado Third Street, LLC (Tex. App. 2024). · cites it 2× “at 562 ; see also Tex. Bus. Orgs. Code Ann. § 152.101 and 101.”
Am. Star Energy & Minerals Corp. v. Richard \dick\" Stowers, 457 S.W.3d 427 (2015). “See Tex. Bus. Orgs. Code § 152.101; Tex. R. Civ.”
Bexar Appraisal Dist. v. Am. Opportunity for Hous.-Perrin Oaks, LLC (Tex. App. 2010). · cites it 2× “See TEX. BUS. ORGS. CODE ANN. §§ 152.056, 153.”
Am. Idol, Gen., LP D/B/A the REO, & Randy Hanson A/K/A Randall Hanson v. Pither Plumbing Co., Inc. (Tex. App. 2015). · cites it 2× “As an judgment creditor would not have been able to independent entity, a partnership may enter into pursue the partners’ assets until after judgment contracts in its own name, may own its own was finalized in 2009, Tex. Bus. Orgs. Code Ann. property, and may sue and be sued in…”
in Re: Gearbox Software LLC (Tex. App. 2015). · cites it 2× “12 Tex. Bus. Org. Code § 152.101 . . . . . .”
Susan England v. Janice Kolbe, as Guardian of the Est. of Edna Moon (Tex. App. 2015). · cites it 2× “CIV. PRAC. & REM. CODE § 37.006 ...........”
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