Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 153.254 - Liability of Assignee(a) Until an assignee of the partnership interest in a limited partnership becomes a partner, the assignee does not have liability as a partner solely as a result of the assignment.(b) Unless otherwise provided by a written partnership agreement, an assignee who becomes a limited partner:(1) is liable for the obligations of the assignor to make contributions as provided by Sections 153.202-153.204;(2) is not obligated for liabilities unknown to the assignee at the time the assignee became a limited partner and that could not be ascertained from a written partnership agreement; and(3) is not liable for the obligations of the assignor under Sections 153. 105, 153.112, and 153.162.Tex. Bus. Org. Code § 153.254
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. 1/1/2006.