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

Tex. Bus. Orgs. Code § 152.206 (2026)

Partner's Duty Of Care

✓ current as of May 2026
Find cases: SyfertCases citing this section TX-LEGstatutes.capitol.texas.gov Justiaon Justia CornellLII Search CasesGoogle Scholar

Sec. 152.206. PARTNER'S DUTY OF CARE. (a) A partner's duty of care to the partnership and the other partners is to act in the conduct and winding up of the partnership business with the care an ordinarily prudent person would exercise in similar circumstances.

(b) An error in judgment does not by itself constitute a breach of the duty of care.

(c) A partner is presumed to satisfy the duty of care if the partner acts on an informed basis and in compliance with Section 152.204(b).

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

Notes of Decisions
Cited in 6 cases (2 in the last 5 years), 2015–2025 · leading case: Primexx Energy Opportunity Fund, LP & Primexx Energy Opportunity Fund II, LP v. Primexx Energy Corp., M. Christopher Doyle, Angelo Acconcia, Blackstone Inc., Blackstone Holdings III LP, Blackstone EMA II LLC, BMA VII LLC, Blackstone Energy Mgmt. Assocs. II LLC, Blackstone Energy Partners II LP, Blackstone Mgmt. Assocs. VII LLC, Blackstone Capital Partners VII LP, BCP VII/BEP II Holdings Manager LLC, BX Primexx Topco LLC, & BPP Holdco LLC (Tex. App. 2025).
Sort: Relevance Newest Treatment
Primexx Energy Opportunity Fund, LP & Primexx Energy Opportunity Fund II, LP v. Primexx Energy Corp., M. Christopher Doyle, Angelo Acconcia, Blackstone Inc., Blackstone Holdings III LP, Blackstone EMA II LLC, BMA VII LLC, Blackstone Energy Mgmt. Assocs. II LLC, Blackstone Energy Partners II LP, Blackstone Mgmt. Assocs. VII LLC, Blackstone Capital Partners VII LP, BCP VII/BEP II Holdings Manager LLC, BX Primexx Topco LLC, & BPP Holdco LLC (Tex. App. 2025). · cites it 2× “passim Tex. Bus. Org. Code § 152.204 ...........”
Sandeep Patel v. Harbor Hospice of Beaumont, LP (Tex. App. 2015). · cites it 2× “20 TEX. BUS. ORG. CODE ANN. § 153.003 ......”
Shannon Med. Ctr. v. Triad Holdings III, L.L.C., Individually Derivatively on Behalf of Reg'l Cancer Treatment Ctr., Ltd. (Tex. App. 2019). “” See TEX. BUS. ORGS. CODE ANN. §§ 152.206, 153.”
Trinkets & Tea, LLC v. Hunt (Bankr. N.D. Tex. 2019). “TEX. BUS. ORGS. CODE § 152.206(a). It requires a partner to act on an informed basis, in compliance with the partner’s duties to the partnership, in good faith, and in the partnership’s best interest.”
Happy Hollow Ranch, LP v. Howley (Bankr. N.D. Tex. 2024). “76 See Tex. Bus. Orgs. Code § 152.206 (stating that a partner’s duty of care requires conduct that “an ordinarily prudent person would exercise in similar circumstances”); FDIC v.”
Joan DeYoung, Stephen DeYoung, M.D., & David DeYoung v. William L. Maynard, Individually & as of the Est. of Judy Page Maynard, & Maynard Props., L.P. (Tex. App. 2015). “9 Tex. Bus. Orgs. Code § 152.206...........”
— Tex. Bus. Orgs. Code § 152.206(a) — 1 case
Trinkets & Tea, LLC v. Hunt (Bankr. N.D. Tex. 2019). “TEX. BUS. ORGS. CODE § 152.206(a). It requires a partner to act on an informed basis, in compliance with the partner’s duties to the partnership, in good faith, and in the partnership’s best interest.”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.