Tex. Bus. Orgs. Code § 152.209 – Decision-making Requirement | Midpage

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Texas Statutes

§ 152.209

Tex. Bus. Orgs. Code § 152.209

Decision-making Requirement

Acts 2003, 78th Leg., ch. 182

(a) A difference arising in a matter in the ordinary course of the partnership business may be decided by a majority-in-interest of the partners.
(b) An act outside the ordinary course of business of a partnership may be undertaken only with the consent of all partners.

Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.