Texas § BO.152.406 - EFFECT OF DEATH OR DIVORCE ON PARTNERSHIP INTEREST
Full text of Texas The Texas Constitution § BO.152.406 — EFFECT OF DEATH OR DIVORCE ON PARTNERSHIP INTEREST, with citation guidance and answers to common questions.
§ BO.152.406. EFFECT OF DEATH OR DIVORCE ON PARTNERSHIP INTEREST
EFFECT OF DEATH OR DIVORCE ON PARTNERSHIP INTEREST. (a) For purposes of this code: (1) on the divorce of a partner, the partner's spouse, to the extent of the spouse's partnership interest, if any, is a transferee of the partnership interest; (2) on the death of a partner: (A) if the partnership interest of the deceased partner is subject to redemption under Subchapter H, the partner's surviving spouse, if any, and an heir, devisee, personal representative, or other successor of the partner, to the extent of their respective right to the redemption price, are creditors of the partnership until the redemption price is paid; or (B) if the partnership interest of the deceased partner is not subject to redemption under Subchapter H, the partner's surviving spouse, if any, and an heir, devisee, personal representative, or other successor of the partner, to the extent of their respective partnership interest, are transferees of the partnership interest; and (3) on the death of a partner's spouse, an heir, devisee, personal representative, or other successor of the spouse, other than the partner, to the extent of their respective partnership interest, if any, is a transferee of the partnership interest. (b) An event of the type described by Section 152.501 occurring with respect to a partner's spouse is not an event of withdrawal. (c) This chapter does not impair an agreement for the purchase or sale of a partnership interest at any time, including on the death or divorce of an owner of the partnership interest. Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006. Amended by: Acts 2011, 82nd Leg., R.S., Ch. 139 (S.B. 748 ), Sec. 44, eff. September 1, 2011. SUBCHAPTER G. WITHDRAWAL OF PARTNER
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § BO.152.406
What does The Texas Constitution § BO.152.406 cover?
Section BO.152.406 ("EFFECT OF DEATH OR DIVORCE ON PARTNERSHIP INTEREST") 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.152.406?
A common citation format is "The Texas Constitution § BO.152.406" (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.152.406 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.