Tex. Bus. Orgs. Code Section 153.505
Approval of Reinstatement


To approve a reinstatement of a limited partnership under Section 11.202 (Procedures for Reinstatement), all of the remaining partners, or another group or percentage of partners as specified by the partnership agreement, must agree in writing to reinstate and continue the business of the limited partnership.
Added by Acts 2007, 80th Leg., R.S., Ch. 688 (H.B. 1737), Sec. 128, eff. September 1, 2007.

Source: Section 153.505 — Approval of Reinstatement, https://statutes.­capitol.­texas.­gov/Docs/BO/htm/BO.­153.­htm#153.­505 (accessed Mar. 23, 2024).

153.001
Definition
153.002
Construction
153.003
Applicability of Other Laws
153.005
Waiver or Modification of Rights of Third Parties
153.051
Required Amendment to Certificate of Formation
153.052
Discretionary Amendment to Certificate of Formation
153.101
Admission of Limited Partners
153.102
Liability to Third Parties
153.103
Actions Not Constituting Participation in Business for Liability Purposes
153.104
Enumeration of Actions Not Exclusive
153.105
Creation of Rights
153.106
Erroneous Belief of Contributor Being Limited Partner
153.107
Statement Required for Liability Protection
153.108
Requirements for Liability Protection Following Expiration of Statement
153.109
Liability of Erroneous Contributor
153.110
Withdrawal of Limited Partner
153.111
Distribution on Withdrawal
153.112
Receipt of Wrongful Distribution
153.113
Powers of Estate of Limited Partner Who Is Deceased or Incapacitated
153.151
Admission of General Partners
153.152
General Powers and Liabilities of General Partner
153.153
Powers and Liabilities of Person Who Is Both General Partner and Limited Partner
153.154
Contributions by and Distributions to General Partner
153.155
Withdrawal of General Partner
153.156
Notice of Event of Withdrawal
153.157
Withdrawal of General Partner in Violation of Partnership Agreement
153.158
Effect of Withdrawal
153.159
Conversion of Partnership Interest After Withdrawal
153.160
Effect of Conversion of Partnership Interest
153.161
Liability of General Partner for Debt Incurred After Event of Withdrawal
153.162
Liability for Wrongful Withdrawal
153.201
Form of Contribution
153.202
Enforceability of Promise to Make Contribution
153.203
Release of Obligation to Partnership
153.204
Enforceability of Obligation
153.205
Requirements to Enforce Conditional Obligation
153.206
Allocation of Profits and Losses
153.207
Right to Distribution
153.208
Sharing of Distributions
153.209
Interim Distributions
153.210
Limitation on Distribution
153.251
Assignment of Partnership Interest
153.252
Rights of Assignor
153.253
Rights of Assignee
153.254
Liability of Assignee
153.255
Liability of Assignor
153.256
Partner’s Partnership Interest Subject to Charging Order
153.257
Exemption Laws Applicable to Partnership Interest Not Affected
153.301
Periodic Report
153.302
Form and Contents of Report
153.303
Filing Fee
153.304
Delivery of Report
153.305
Action by Secretary of State
153.306
Effect of Filing Report
153.307
Effect of Failure to File Report
153.308
Notice of Forfeiture of Right to Transact Business
153.309
Effect of Forfeiture of Right to Transact Business
153.310
Revival of Right to Transact Business
153.311
Termination of Certificate or Revocation of Registration After Forfeiture
153.312
Reinstatement of Certificate of Formation or Registration
153.351
Requirements
153.352
Applicability of Other Requirements
153.353
Law Applicable to Partners
153.401
Definitions
153.402
Standing to Bring Proceeding
153.403
Demand
153.404
Determination by Independent Persons
153.405
Stay of Proceeding
153.406
Discovery
153.407
Tolling of Statute of Limitations
153.408
Dismissal of Derivative Proceeding
153.409
Allegations After Demand Rejected
153.410
Discontinuance or Settlement
153.411
Payment of Expenses
153.412
Application to Foreign Limited Partnerships
153.413
Closely Held Limited Partnership
153.501
Cancellation or Revocation of Event Requiring Winding Up
153.502
Winding up Procedures
153.503
Powers of Person Conducting Wind up
153.504
Disposition of Assets
153.505
Approval of Reinstatement
153.551
Records
153.552
Examination of Records
153.553
Execution of Filings
153.554
Execution, Amendment, or Cancellation by Judicial Order
153.555
Permitted Transfer in Connection with Racetrack License
153.5521
Penalty for Refusal to Permit Examination of Certain Records

Accessed:
Mar. 23, 2024

§ 153.505’s source at texas​.gov