Sec. 153.401. DEFINITIONS. In this subchapter:
(1) "Derivative proceeding" means a civil suit in the right of a domestic limited partnership or, to the extent provided by Section 153.412, in the right of a foreign limited partnership.
(2) "Limited partner" means a person who is a limited partner or is an assignee of a partnership interest, including the partnership interest of a general partner.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Amended by:
Acts 2019, 86th Leg., R.S., Ch. 899 (H.B. 3603), Sec. 25, eff. September 1, 2019.
Notes of Decisions
Wesolek v. Layton, 914 F. Supp. 2d 853 (S.D. Tex. 2012).
· cites it 2× “Tex. Bus. Org. Code § 153.401 ... In all such actions, “the complaint must contain with particularity: (1) the effort, if any, of the plaintiff to secure initiation of the action by a general partner; or (2) the reasons for not making the effort.”
In re Dilick, 550 S.W.3d 766 (Tex. App.—Houston [14th Dist.] 2018).
· cites it 2× “Tex. Bus. Orgs. Code Ann. § 153.401 (West 2012).”
John J. Parker Jr. v. Ohio Dev., LLC, No. 04-23-00069-CV (Tex. App.—San Antonio Apr. 30, 2024).
· cites it 2× “Pursuant to TEX. BUS. ORG. CODE § 153.401, it is unlikely the general partner of KCDC, being Mr.”
DPRS 15th Street, Inc v. Texas Skyline, Ltd. Skyline Interests, LLC, No. 03-11-00101-CV (Tex. App.—Austin Aug. 13, 2014).
· cites it 2× “001(8) (providing for recovery of attorney’s fees in suit on oral or written contract); Tex. Bus. Orgs. Code §§ 153.401, .405. Section 17 In a single sentence in each of sub-issues 1-A, 1-B, and 1-C, Woerner argues in the alternative that even if the payments breached the…”
In re Second Street Props. LLC, No. 14-16-00390-CV (Tex. App.—Houston [14th Dist.] Dec. 22, 2016).
“See Tex. Bus. Orgs. Code Ann. § 153.401 ; In re Immobiliere 10 Jeuness Establissement, 422 S.”
Natin Paul WC 1st & Trinity, LP WC 1st & Trinity, GP, LLC WC 3rd & Cong., LP & WC 3rd & Cong., GP, LLC v. Roy F. & JoAnn Cole Mitte Found., No. 03-21-00502-CV, 2023 WL 1806101 (Tex. App.—Austin Feb. 8, 2023).
“See generally Tex. Bus. Orgs. Code §§ 153.401–.412. A derivative action is generally “in the right of a domestic limited partnership,” id.”
John J. Parker Jr. v. Ohio Dev., LLC, No. 04-23-00069-CV (Tex. App.—San Antonio Apr. 30, 2024).
“Pursuant to TEX. BUS. ORG. CODE § 153.401, it is unlikely the general partner of KCDC, being Mr.”
Tex. Bus. Orgs. Code § 153.401(1): 1 case
DPRS 15th Street, Inc v. Texas Skyline, Ltd. Skyline Interests, LLC, No. 03-11-00101-CV (Tex. App.—Austin Aug. 13, 2014).
“001(8) (providing for recovery of attorney’s fees in suit on oral or written contract); Tex. Bus. Orgs. Code §§ 153.401, .405. Section 17 In a single sentence in each of sub-issues 1-A, 1-B, and 1-C, Woerner argues in the alternative that even if the payments breached the…”
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