Tex. Codes » Business Organizations Code · TITLE 4. PARTNERSHIPS · CHAPTER 152. GENERAL PARTNERSHIPS
Texas Codes

Tex. Bus. Orgs. Code § 152.203 (2026)

Rights And Duties Of Partner

✓ current as of May 2026
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Sec. 152.203. RIGHTS AND DUTIES OF PARTNER. (a) Each partner has equal rights in the management and conduct of the business of a partnership. A partner's right to participate in the management and conduct of the business is not community property.

(b) A partner may use or possess partnership property only on behalf of the partnership.

(c) A partner is not entitled to receive compensation for services performed for a partnership other than reasonable compensation for services rendered in winding up the business of the partnership.

(d) A partner who, in the proper conduct of the business of the partnership or for the preservation of its business or property, reasonably makes a payment or advance beyond the amount the partner agreed to contribute, or who reasonably incurs a liability, is entitled to be repaid and to receive interest from the date of the:

(1) payment or advance; or

(2) incurrence of the liability.

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

Notes of Decisions
Cited in 10 cases, 2012–2017 · leading case: 436, Ltd., Heitmeier v. Comm'r, 2015 T.C. Memo. 28 (Tax Ct. 2015).
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436, Ltd., Heitmeier v. Comm'r, 2015 T.C. Memo. 28 (Tax Ct. 2015). “Quite the opposite is true here. Louisiana has a very strong presumption in favor of community property, see La.”
Wesolek ex rel. Layton Energy Wharton Fund, LP v. Layton, 871 F. Supp. 2d 620 (S.D. Tex. 2012). “See Tex. Bus. Org. Code § 152.203. With respect to limited partnerships, a general partner acting with authority has the capacity to bring a suit in the name of the limited partnership, but only when a majority-in-interest of the partners agree to such action.”
6611, Ltd. v. Comm'r, 2013 T.C. Memo. 49 (Tax Ct. 2013). “Lawrence had no legal "right" to manage and control the income and capital that constituted 466 (such as it was). Even if she had, she never exercised *104 such rights or demonstrated any concern about whether they existed.”
Am. Star Energy & Minerals Corp. v. Richard \dick\" Stowers, 457 S.W.3d 427 (2015). “Tex. Bus. Orgs. Code § 152.203(a). When a partnership is sued, the litigation presumably becomes part of that business.”
David Tubb & Superior Shooting Sys., Inc., Appellants/Cross-Appellees v. Aspect Int'l, Inc. & James Sterling, Appellees/Cross-Appellants (Tex. App. 2015). · cites it 2× “56-58 TEX. BUS. ORG. CODE §152.203(c) . . . . .”
David Tubb & Superior Shooting Sys., Inc., Appellants/Cross-Appellees v. Aspect Int'l, Inc. & James Sterling, Appellees/Cross-Appellants (Tex. App. 2016). “TEX. BUS. ORGS. CODE ANN. § 152.203(c) (West 2012).”
David Tubb & Superior Shooting Sys., Inc., Appellants/Cross-Appellees v. Aspect Int'l, Inc. & James Sterling, Appellees/Cross-Appellants (Tex. App. 2017). “TEX. BUS. ORGS. CODE ANN. § 152.203(c) (West 2012).”
Russell H. Fish, III, Individually & Derivatively on Behalf of Texas Legislative Serv., P'ship v. Texas Legislative Serv., P'ship Andrew K. Fish & John C. Fish (Tex. App. 2012). “Tex. Bus. Orgs. Code Ann. § 152.203 (b) (West Pamph.”
Russell H. Fish, III, Individually & Derivatively on Behalf of Texas Legislative Serv., P'ship v. Texas Legislative Serv., P'ship Andrew K. Fish & John C. Fish (Tex. App. 2012). “Tex. Bus. Orgs. Code Ann. § 152.203 (b) (West Pamph.”
David Tubb & Superior Shooting Sys., Inc., Appellants/Cross-Appellees v. Aspect Int'l, Inc. & James Sterling, Appellees/Cross-Appellants (Tex. App. 2015). “38 TEX. BUS. ORG. CODE § 152.203(c) . . . . .”
Tex. Bus. Orgs. Code § 152.203(a): 1 case
Am. Star Energy & Minerals Corp. v. Richard \dick\" Stowers, 457 S.W.3d 427 (2015). “Tex. Bus. Orgs. Code § 152.203(a). When a partnership is sued, the litigation presumably becomes part of that business.”
Tex. Bus. Orgs. Code § 152.203(c): 4 cases
David Tubb & Superior Shooting Sys., Inc., Appellants/Cross-Appellees v. Aspect Int'l, Inc. & James Sterling, Appellees/Cross-Appellants (Tex. App. 2015). “56-58 TEX. BUS. ORG. CODE §152.203(c) . . . . .”
David Tubb & Superior Shooting Sys., Inc., Appellants/Cross-Appellees v. Aspect Int'l, Inc. & James Sterling, Appellees/Cross-Appellants (Tex. App. 2016). “TEX. BUS. ORGS. CODE ANN. § 152.203(c) (West 2012).”
David Tubb & Superior Shooting Sys., Inc., Appellants/Cross-Appellees v. Aspect Int'l, Inc. & James Sterling, Appellees/Cross-Appellants (Tex. App. 2017). “TEX. BUS. ORGS. CODE ANN. § 152.203(c) (West 2012).”
David Tubb & Superior Shooting Sys., Inc., Appellants/Cross-Appellees v. Aspect Int'l, Inc. & James Sterling, Appellees/Cross-Appellants (Tex. App. 2015). “38 TEX. BUS. ORG. CODE § 152.203(c) . . . . .”
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