Tex. Est. Code Section 351.104
Administration of Partnership Interest

(a)

If a decedent was a partner in a general partnership and the partnership agreement or articles of partnership provide that, on the death of a partner, the partner’s personal representative is entitled to that partner’s place in the partnership, a personal representative accordingly contracting to enter the partnership under the partnership agreement or articles of partnership is, to the extent allowed by law, liable to a third person only to the extent of:

(1)

the deceased partner’s capital in the partnership; and

(2)

the estate’s assets held by the representative.

(b)

This section does not exonerate a personal representative from liability for the representative’s negligence.
Added by Acts 2009, 81st Leg., R.S., Ch. 680 (H.B. 2502), Sec. 1, eff. January 1, 2014.

Source: Section 351.104 — Administration of Partnership Interest, https://statutes.­capitol.­texas.­gov/Docs/ES/htm/ES.­351.­htm#351.­104 (accessed Apr. 29, 2024).

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Accessed:
Apr. 29, 2024

§ 351.104’s source at texas​.gov