Texas § BO.152.051 - PARTNERSHIP DEFINED
Full text of Texas The Texas Constitution § BO.152.051 — PARTNERSHIP DEFINED, with citation guidance and answers to common questions.
§ BO.152.051. PARTNERSHIP DEFINED
PARTNERSHIP DEFINED. (a) In this section, "association" does not have the meaning of the term "association" under Section 1.002 . (b) Except as provided by Subsection (c) and Section 152.053 (a), an association of two or more persons to carry on a business for profit as owners creates a partnership, regardless of whether: (1) the persons intend to create a partnership; or (2) the association is called a "partnership," "joint venture," or other name. (c) An association or organization is not a partnership if it was created under a statute other than: (1) this title and the provisions of Title 1 applicable to partnerships and limited partnerships; (2) a predecessor to a statute referred to in Subdivision (1); or (3) a comparable statute of another jurisdiction. (d) The provisions of this chapter govern limited partnerships only to the extent provided by Sections 153.003 and 153.152 and Subchapter H , Chapter 153 . Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Frequently Asked Questions About Texas § BO.152.051
What does The Texas Constitution § BO.152.051 cover?
Section BO.152.051 ("PARTNERSHIP DEFINED") 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.152.051?
A common citation format is "The Texas Constitution § BO.152.051" (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.152.051 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.