Tex. Bus. Orgs. Code Section 154.201
Business Transactions Between Partner and Partnership

Except as otherwise provided by the partnership agreement, a partner may lend money to and transact other business with the partnership. Subject to other applicable law, a partner has the same rights and obligations with respect to those matters as a person who is not a partner.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.

Source: Section 154.201 — Business Transactions Between Partner and Partnership, https://statutes.­capitol.­texas.­gov/Docs/BO/htm/BO.­154.­htm#154.­201 (accessed Jun. 5, 2024).

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Accessed:
Jun. 5, 2024

§ 154.201’s source at texas​.gov