Texas § BO.153.106 - ERRONEOUS BELIEF OF CONTRIBUTOR BEING LIMITED PARTNER
Full text of Texas The Texas Constitution § BO.153.106 — ERRONEOUS BELIEF OF CONTRIBUTOR BEING LIMITED PARTNER, with citation guidance and answers to common questions.
§ BO.153.106. ERRONEOUS BELIEF OF CONTRIBUTOR BEING LIMITED PARTNER
ERRONEOUS BELIEF OF CONTRIBUTOR BEING LIMITED PARTNER. Except as provided by Section 153.109 , a person who erroneously but in good faith believes that the person has made a contribution to and has become a limited partner in a limited partnership is not liable as a general partner or otherwise obligated because of making or attempting to make the contribution, receiving distributions from the partnership, or exercising the rights of a limited partner if, within a reasonable time after ascertaining the mistake, the person: (1) causes an appropriate certificate of formation or certificate of amendment to be signed and filed; (2) files or causes to be filed with the secretary of state a written statement in accordance with Section 153.107 ; or (3) withdraws from participation in future profits of the enterprise by executing and filing with the secretary of state a certificate declaring the person's withdrawal under this section. Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § BO.153.106
What does The Texas Constitution § BO.153.106 cover?
Section BO.153.106 ("ERRONEOUS BELIEF OF CONTRIBUTOR BEING LIMITED PARTNER") 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.153.106?
A common citation format is "The Texas Constitution § BO.153.106" (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.153.106 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.