Sec. 153.003. APPLICABILITY OF OTHER LAWS. (a) Except as provided by Subsection (b), in a case not provided for by this chapter and the other limited partnership provisions, the provisions of Chapter 152 governing partnerships that are not limited partnerships and the rules of law and equity govern.
(b) The powers and duties of a limited partner shall not be governed by a provision of Chapter 152 that would be inconsistent with the nature and role of a limited partner as contemplated by this chapter.
(c) A limited partner shall not have any obligation or duty of a general partner solely by reason of being a limited partner.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Notes of Decisions
Doctors Hosp. At Renaissance, Ltd. v. Andrade, 493 S.W.3d 545 (Tex. 2016).
“Tex. Bus. Orgs. Code § 153.003(a). Chapter 152 limits the liability of a general partnership for the conduct of a partner: (a) A partnership is liable for loss or injury to a person, including a partner, or for a penalty caused by or incurred as a result of a wrongful act or…”
Bruce v. Cauthen, 515 S.W.3d 495 (Tex. App.—Houston [14th Dist.] 2017).
“See Tex. Bus. Orgs. Code § 153.003(a) ("Except as provided by Subsection (b), in a case not provided for by this chapter and the other limited partnership provisions, the provisions of Chapter 152 governing partnerships that are not limited partnerships and the rules of law and…”
David Bruce v. Misty Cauthen, No. 14-15-00693-CV (Tex. App.—Houston [14th Dist.] Oct. 25, 2016).
“See Tex. Bus. Orgs. Code § 153.003(a) (“Except as provided by Subsection (b), in a case not provided for by this chapter and the other limited partnership provisions, the provisions of Chapter 152 governing partnerships that are not limited partnerships and the rules of law and…”
Shannon Med. Ctr. v. Triad Holdings III, L.L.C., 601 S.W.3d 904 (Tex. App.—Houston [14th Dist.] 2019).
“See TEX. BUS. ORGS. CODE ANN. § 153.003 (in matters not addressed in Business Organizations Code chapter 153 dealing with limited partnerships, “the provisions of Chapter 152 governing partnerships that are not limited partnerships and the rules of law and equity govern”); id.”
Christopher F. Bertucci v. Eugene L. Watkins, 690 S.W.3d 341 (Tex. App.—Austin 2022).
“10 See Tex. Bus. Orgs. Code § 153.003 (provisions of Chapter 152 governing non-limited partnerships apply unless inconsistent with the nature and role of a limited partner); see also id.”
Clinton W. ("buddy") Pike, Sr. v. Texas Emc Mgmt., LLC, 610 S.W.3d 763 (Tex. 2020).
“22 TEX. BUS. ORGS. CODE § 153.003(a) (“Except as provided by Subsection (b), in a case not provided for by this chapter and the other limited partnership provisions, the provisions of Chapter 152 governing partnerships that are not limited partnerships and the rules of law and…”
Roger Arora v. MSG Bus., LLC, 698 S.W.3d 81 (Tex. App.—Houston [14th Dist.] 2024).
“Tex. Bus. Orgs. Code § 153.003(a). While Chapter 153 is silent on the effect of a general partner’s withdrawal from a limited partnership on that partner’s existing liability, and in particular changes are made to that existing liability, in section 152.”
Tex. Bus. Orgs. Code § 153.003(a): 7 cases
Doctors Hosp. At Renaissance, Ltd. v. Andrade, 493 S.W.3d 545 (Tex. 2016).
“Tex. Bus. Orgs. Code § 153.003(a). Chapter 152 limits the liability of a general partnership for the conduct of a partner: (a) A partnership is liable for loss or injury to a person, including a partner, or for a penalty caused by or incurred as a result of a wrongful act or…”
Bruce v. Cauthen, 515 S.W.3d 495 (Tex. App.—Houston [14th Dist.] 2017).
“See Tex. Bus. Orgs. Code § 153.003(a) ("Except as provided by Subsection (b), in a case not provided for by this chapter and the other limited partnership provisions, the provisions of Chapter 152 governing partnerships that are not limited partnerships and the rules of law and…”
David Bruce v. Misty Cauthen, No. 14-15-00693-CV (Tex. App.—Houston [14th Dist.] Oct. 25, 2016).
“See Tex. Bus. Orgs. Code § 153.003(a) (“Except as provided by Subsection (b), in a case not provided for by this chapter and the other limited partnership provisions, the provisions of Chapter 152 governing partnerships that are not limited partnerships and the rules of law and…”
Tex. Bus. Orgs. Code § 153.003(c): 1 case
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.