Subscriptions

Sec. 153.258. SUBSCRIPTIONS. (a) A subscription to purchase a partnership interest in a limited partnership in the process of being formed is irrevocable to the extent provided by the terms of the subscription if: (1) the subscription is in writing and signed by the subscriber; and (2) the subscription states that it is irrevocable. (b) A written subscription entered into after the limited partnership is formed is a contract between the subscriber and the partnership. Added by Acts 2025, 89th Leg., R.S., Ch. 199 (S.B. 2411), Sec. 51, eff. September 1, 2025. SUBCHAPTER G. REPORTS