Business organizations code revisors report, part 4. Instruments law in 1919,3 the 1906 uniform warehouse receipts act in 1919,4 the 1909. Effective january 1, 2010, the texas revised limited partnership act trlpa was fully replaced by the texas business organizations code tboc, which was designed to be a more userfriendly statute. Once the articles of incorporation are filed and fees are paid. Since the mandatory application date of january 1, 2010, the boc applies to all texas corporations, partnerships, limited liability companies, and other domestic. The texas revised limited partnership act legal beagle. Information on the texas business organizations code. Fiduciary duties of partners in limited partnership including lllp.
The term includes a registered limited liability partnership formed under section 3. When the boc was enacted in 2003, it replaced a handful of other laws that governed llcs, including the texas limited liability company act, the texas revised limited partnership act, and the texas revised. Texas uniform partnership act the enacted version by alan r. Texas revised limited partnership act the trlpa and the texas. The texas business organizations code boc has replaced the following statutes. The new tboc now applies to your partnership even if it was originally organized under trlpa and even if you have not formally adopted tboc. Bromberg t he first article in this series surveyed the common law of partnership in texas and recommended adoption of the uniform partnership act. Texas limited liability companies llcs are governed by the texas business organizations code boc. The boc is a comprehensive set of laws that applies to all texas business organizations. Limitations on the voting rights of holders of the same class or series.
Practical issues in drafting texas limited liability company. Law section of the state bar of texas and of that sections corporation law committee. Contracts with long teeth, 46 texas journal of business law 1 fall 2014. Texas registered limited liability partnership act.
Partnership and limited liability company law committee of the business law section of the state bar of texas. Texas uniform unincorporated nonprofit association act. Until january 1, 2010, a partnership that was formed before january 1, 2006 and that continues to be governed by the provisions of the trpa may need to file a certificate of merger with the secretary of state pursuant to article 62b9. Texas revised limited partnership act trlpa, article 62a1. Texas revised limited partnership act trlpa, article 62a1 texas business organizations code boc.
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