Texas § BO.153.204 - ENFORCEABILITY OF OBLIGATION
Full text of Texas The Texas Constitution § BO.153.204 — ENFORCEABILITY OF OBLIGATION, with citation guidance and answers to common questions.
§ BO.153.204. ENFORCEABILITY OF OBLIGATION
ENFORCEABILITY OF OBLIGATION. (a) Notwithstanding a compromise or release under Section 153.203 , a creditor of a limited partnership who extends credit or otherwise acts in reasonable reliance on an obligation described by Section 153.203 may enforce the original obligation if: (1) the obligation is reflected in a document signed by the partner; and (2) the document is not amended or canceled to reflect the compromise or release. (b) Notwithstanding the compromise or release, a general partner remains liable to persons other than the partnership and the other partners, as provided by Sections 153.152 (a)(2) and (b). 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.153.204
What does The Texas Constitution § BO.153.204 cover?
Section BO.153.204 ("ENFORCEABILITY OF OBLIGATION") 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.153.204?
A common citation format is "The Texas Constitution § BO.153.204" (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.153.204 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.