Texas § BO.152.612 - ACTION TO DETERMINE TRANSFEREE'S REDEMPTION PRICE
Full text of Texas The Texas Constitution § BO.152.612 — ACTION TO DETERMINE TRANSFEREE'S REDEMPTION PRICE, with citation guidance and answers to common questions.
§ BO.152.612. ACTION TO DETERMINE TRANSFEREE'S REDEMPTION PRICE
ACTION TO DETERMINE TRANSFEREE'S REDEMPTION PRICE. (a) A transferee may maintain an action against a partnership to determine the redemption price of the transferee's interest. (b) The court shall determine the redemption price of the transferee's interest and accrued interest and enter judgment for payment or refund. (c) If the court finds that the partnership failed to make payment or otherwise acted arbitrarily, vexatiously, or not in good faith, the court may assess against the partnership in an amount the court finds equitable: (1) reasonable attorney's fees; and (2) fees and expenses of appraisers or other experts for a party to the action. (d) The redemption of a transferee's interest under Sections 152.611 (a) and (b) may be deferred as determined by the court if the partnership establishes to the satisfaction of the court that failure to defer redemption will cause undue hardship to the partnership business. Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006. SUBCHAPTER I. SUPPLEMENTAL WINDING UP AND TERMINATION PROVISIONS
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § BO.152.612
What does The Texas Constitution § BO.152.612 cover?
Section BO.152.612 ("ACTION TO DETERMINE TRANSFEREE'S REDEMPTION PRICE") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § BO.152.612?
A common citation format is "The Texas Constitution § BO.152.612" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § BO.152.612 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.