Texas § BO.153.555 - PERMITTED TRANSFER IN CONNECTION WITH RACETRACK LICENSE
Full text of Texas The Texas Constitution § BO.153.555 — PERMITTED TRANSFER IN CONNECTION WITH RACETRACK LICENSE, with citation guidance and answers to common questions.
§ BO.153.555. PERMITTED TRANSFER IN CONNECTION WITH RACETRACK LICENSE
PERMITTED TRANSFER IN CONNECTION WITH RACETRACK LICENSE. The following transfer relating to a limited partnership is not a prohibited transfer that violates Section 2025.107 (a), Occupations Code: (1) a transfer by a general partnership of its assets to a limited partnership, the corporate general partner of which is controlled by the partners of the general partnership; or (2) a transfer by a limited partnership of the beneficial use of or interest in any of its rights, privileges, or assets to a local development corporation incorporated before January 31, 1993, under Subchapter D , Chapter 431 , Transportation Code. Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006. Amended by: Acts 2017, 85th Leg., R.S., Ch. 963 (S.B. 1969 ), Sec. 2.02, eff. April 1, 2019.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § BO.153.555
What does The Texas Constitution § BO.153.555 cover?
Section BO.153.555 ("PERMITTED TRANSFER IN CONNECTION WITH RACETRACK LICENSE") 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.153.555?
A common citation format is "The Texas Constitution § BO.153.555" (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.153.555 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.