81st Texas Legislature, Regular Session, Senate Bill 1442, Chapter 84 Page: 50 of 64
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S.B. No. 1442
SECTION 56. Subsections (a) and (b), Section 153.312,
Business Organizations Code, are amended to read as follows:
(a)! A limited partnership the certificate of formation or
registrationn of which has been terminated or revoked [ee eeal] as
provided by Section 153.311 may be relieved of the termination or
revocation [)oe&eion] by filing the report required by Section
153.301, accompanied by the filing fees provided by Chapter 4.
S(b) If the limited partnership pays the fees required by
Subsection (a) and all taxes, penalties, and interest due and
accruing before termination or revocation, the secretary of state
(1) reinstate the certificate or registration of the
limited partnership without judicial ascertainment;
(2) change the status of the limited partnership to
(3) note the reinstatement on the record kept in the
secretary's office relating to the limited partnership.
SECTION 57. Section 154.001, Business Organizations Code,
is amended by adding Subsection (d) to read as follows:
(d) Sections 9.406 and 9.408, Business & Commerce Code, do
not apply to a partnership interest in a partnership, including the
rights, powers, and interests arising under the governing documents
of the partnership or under this code. To the extent of any
conflict between this subsection and Section 9.406 or 9.408,
Business & Commerce Code, this subsection controls. It is the
express intent of this subsection to permit the enforcement, as a
contract among the partners of a partnership, of any provision of a
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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/m1/50/: accessed June 26, 2017), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; crediting UNT Libraries Government Documents Department.