Texas Business Organizations Code 152.212 – Books and Records of Partnership
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(a) In this section, “access” includes the opportunity to inspect and copy books and records during ordinary business hours.
(b) A partnership shall keep or make available its books and records, if any, at its chief executive office.
Terms Used In Texas Business Organizations Code 152.212
- Business: means a trade, occupation, profession, or other commercial activity. See Texas Business Organizations Code 1.002
- Partner: means a limited partner or general partner. See Texas Business Organizations Code 1.002
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Partnership: means an entity governed as a partnership under Title 4. See Texas Business Organizations Code 1.002
(c) A partnership shall make available or provide access to its books and records to a partner or an agent or attorney of a partner.
(d) The partnership shall provide a former partner or an agent or attorney of a former partner access to books and records pertaining to the period during which the former partner was a partner or for any other proper purpose with respect to another period.
(e) A partnership may impose a reasonable charge, covering the costs of labor and material, for copies of documents furnished under this section.