Texas § BO.153.205 - REQUIREMENTS TO ENFORCE CONDITIONAL OBLIGATION
Full text of Texas The Texas Constitution § BO.153.205 — REQUIREMENTS TO ENFORCE CONDITIONAL OBLIGATION, with citation guidance and answers to common questions.
§ BO.153.205. REQUIREMENTS TO ENFORCE CONDITIONAL OBLIGATION
REQUIREMENTS TO ENFORCE CONDITIONAL OBLIGATION. (a) An obligation of a limited partner of a limited partnership that is subject to a condition may be enforced by the partnership creditor described by Section 153.204 only if the condition is satisfied or waived by or with respect to the limited partner. (b) A conditional obligation of a limited partner of a limited partnership includes a contribution payable on a discretionary call of the limited partnership before the time the call occurs. Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Frequently Asked Questions About Texas § BO.153.205
What does The Texas Constitution § BO.153.205 cover?
Section BO.153.205 ("REQUIREMENTS TO ENFORCE CONDITIONAL 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.153.205?
A common citation format is "The Texas Constitution § BO.153.205" (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.153.205 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.