Sec. 152.701. EFFECT OF EVENT REQUIRING WINDING UP. On the occurrence of an event requiring winding up of a partnership business under Section 11.051 or 11.057: (1) the partnership continues until the winding up of its business is completed, at which time the partnership is terminated; and (2) the relationship among the partners is changed as provided by this subchapter. Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Effect of Event Requiring Winding Up
Tex. Business Organizations Code § 152.701, under Chapter 152.
Tex. Business Organizations Code § 152.701