Texas § BO.152.702 - PERSONS ELIGIBLE TO WIND UP PARTNERSHIP BUSINESS

Full text of Texas The Texas Constitution § BO.152.702 — PERSONS ELIGIBLE TO WIND UP PARTNERSHIP BUSINESS, with citation guidance and answers to common questions.

§ BO.152.702. PERSONS ELIGIBLE TO WIND UP PARTNERSHIP BUSINESS

PERSONS ELIGIBLE TO WIND UP PARTNERSHIP BUSINESS. (a) After the occurrence of an event requiring a winding up of a partnership business, the partnership business may be wound up by: (1) the partners who have not withdrawn; (2) the legal representative of the last surviving partner; or (3) a person appointed by the court to carry out the winding up under Subsection (b). (b) On application of a partner, a partner's legal representative or transferee, or a withdrawn partner whose interest is not redeemed under Section 152.608 , a court, for good cause, may appoint a person to carry out the winding up and may make an order, direction, or inquiry that the circumstances require. Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.

Source: official Texas text · Last verified 2026-08-27

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Frequently Asked Questions About Texas § BO.152.702

What does The Texas Constitution § BO.152.702 cover?

Section BO.152.702 ("PERSONS ELIGIBLE TO WIND UP PARTNERSHIP BUSINESS") 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.152.702?

A common citation format is "The Texas Constitution § BO.152.702" (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.152.702 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.