Texas Business Organizations Code 152.101 – Nature of Partnership Property
Current as of: 2024 | Check for updates
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Terms Used In Texas Business Organizations Code 152.101
- Partner: means a limited partner or general partner. See Texas Business Organizations Code 1.002
- Property: includes tangible and intangible property and an interest in that property. See Texas Business Organizations Code 1.002
Partnership property is not property of the partners. A partner or a partner’s spouse does not have an interest in partnership property.