Texas Codes
Tex. Bus. Orgs. Code § 152.502 (2026)
Effect Of Event Of Withdrawal On Partnership And Other Partners
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Sec. 152.502. EFFECT OF EVENT OF WITHDRAWAL ON PARTNERSHIP AND OTHER PARTNERS. A partnership continues after an event of withdrawal. The event of withdrawal affects the relationships among the withdrawn partner, the partnership, and the continuing partners as provided by Sections 152.503-152.506 and Subchapter H.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Notes of Decisions
Cited in 2
cases, 2014–2014 · leading case: Fleming & Assocs., L.L.P. v. Barton, 425 S.W.3d 560 (Tex. App.—Houston [14th Dist.] 2014).
Fleming & Assocs., L.L.P. v. Barton, 425 S.W.3d 560 (Tex. App.—Houston [14th Dist.] 2014). “We express no opinion regarding what rights, if any, Johnson may have to the contractual damages J & B receives from F & A as part of this lawsuit or what rights, if any, F & A may have pursuant to the PITA to any sums to which Johnson may be entitled from J& B.”
Fleming & Assocs., L.L.P v. Daniel P. Barton, No. 14-12-00582-CV (Tex. App.—Houston [14th Dist.] Feb. 27, 2014). “Tex. Bus. Orgs. Code Ann. § 152.502 . The event of withdrawal affects the relationships among the withdrawn partner, the partnership, and the continuing partners.”
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