Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 153.205 - 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.Tex. Bus. Org. Code § 153.205
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. 1/1/2006.