NATURE OF PARTNER'S LIABILITY.
Tex. BUS. ORGS Code § 152.304.
in effect(a) Except as provided by Subsection (b) or Section 152.801 (a), all partners are jointly and severally liable for all obligations of the partnership unless otherwise:
(1) agreed by the claimant; or
(2) provided by law.
(b) A person who is admitted as a partner into an existing partnership does not have personal liability under Subsection (a) for an obligation of the partnership that:
(1) arises before the partner's admission to the partnership;
(2) relates to an action taken or omission occurring before the partner's admission to the partnership; or
(3) arises before or after the partner's admission to the partnership under a contract or commitment entered into before the partner's admission.
Acts 2011, 82nd Leg., R.S., Ch. 139 (S.B. 748 ), Sec. 42, eff. September 1, 2011.
