81st Texas Legislature, Regular Session, Senate Bill 1442, Chapter 84 Page: 49 of 64
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S.B. No. 1442
1 SECTION 54. Subsection (c), Section 153.309, Business
2 Organizations Code, is amended to read as follows:
3 (c) This section and Sections 153.307 and 153.308 do not
4 affect the liability of a limited partner [a-- the --i.-4 ed
5 pe*o** ].
6 SECTION 55. Section 153.311, Business Organizations Code,
7 is amended to read as follows:
8 Sec. 153.311. TERMINATION [ i:mrmo in OF CERTIFICATE OR
9 REVOCATION OF REGISTRATION AFTER FORFEITURE. (a) The secretary of
10 state may terminate [em.iee) the certificate of formation of a
11 domestic limited partnership, or revoke the registration of a
12 foreign limited partnership, if the limited partnership:
13 (1) forfeits its right to transact business in this
14 state under Section 153.307; and
15 (2) fails to revive that right under Section 153.310.
16 (b) Termination [Ca.- 1 C lotion] of the certificate or
17 revocation of registration takes effect without judicial
19 (c) The secretary of state shall note the termination or
20 revocation [--n----llti.] and the date [(f -u_-.:-ton] on the
21 record kept in the secretary's office relating to the limited
23 (d) On termination or revocation [eane-lltinal, the status
24 of the limited partnership is changed to inactive according to the
25 records of the secretary of state. The change to inactive status
26 does not affect the liability of a limited partner [&-o the- liitd
27 partnsehip ].
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Texas. Legislature. Senate. 81st Texas Legislature, Regular Session, Senate Bill 1442, Chapter 84, legislative document, May 20, 2009; [Austin, Texas]. (texashistory.unt.edu/ark:/67531/metapth310916/m1/49/: accessed May 23, 2017), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; crediting UNT Libraries Government Documents Department.