A limited partnership is a limited liability partnership and a limited partnership if the partnership:

1. (1) registers as a limited liability partnership:

   1. (A) as permitted by its partnership agreement; or
   2. (B) if its partnership agreement does not include a provision for becoming a limited liability partnership, with the consent of partners required to amend its partnership agreement;
2. (2) complies with Subchapter J, Chapter 152; and
3. (3) complies with Chapter 5.

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