Texas § ES.1151.154 - ADMINISTRATION OF PARTNERSHIP INTEREST
Full text of Texas The Texas Constitution § ES.1151.154 — ADMINISTRATION OF PARTNERSHIP INTEREST, with citation guidance and answers to common questions.
§ ES.1151.154. ADMINISTRATION OF PARTNERSHIP INTEREST
ADMINISTRATION OF PARTNERSHIP INTEREST. (a) This section applies only to a general partnership governed by a partnership agreement or articles of partnership that provide that, on the incapacity of a partner, the guardian of the estate of the partner is entitled to the place of the incapacitated partner in the partnership. (b) If a ward was a partner in a general partnership, the guardian who contracts to come into the partnership is, to the extent allowed by law, liable to a third person only to the extent of: (1) the incapacitated partner's capital in the partnership; and (2) the assets of the incapacitated partner's estate that are held by the guardian. (c) This section does not exonerate a guardian from liability for the guardian's negligence. Added by Acts 2011, 82nd Leg., R.S., Ch. 823 (H.B. 2759 ), Sec. 1.02, eff. January 1, 2014.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § ES.1151.154
What does The Texas Constitution § ES.1151.154 cover?
Section ES.1151.154 ("ADMINISTRATION OF 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 § ES.1151.154?
A common citation format is "The Texas Constitution § ES.1151.154" (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 § ES.1151.154 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.