Texas § BO.152.206 - PARTNER'S DUTY OF CARE

Full text of Texas The Texas Constitution § BO.152.206 — PARTNER'S DUTY OF CARE, with citation guidance and answers to common questions.

§ BO.152.206. PARTNER'S DUTY OF CARE

PARTNER'S DUTY OF CARE. (a) A partner's duty of care to the partnership and the other partners is to act in the conduct and winding up of the partnership business with the care an ordinarily prudent person would exercise in similar circumstances. (b) An error in judgment does not by itself constitute a breach of the duty of care. (c) A partner is presumed to satisfy the duty of care if the partner acts on an informed basis and in compliance with Section 152.204 (b). 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.152.206

What does The Texas Constitution § BO.152.206 cover?

Section BO.152.206 ("PARTNER'S DUTY OF CARE") 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.152.206?

A common citation format is "The Texas Constitution § BO.152.206" (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.152.206 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.