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November 1, 2015Erica J. Reyes
Liability of a Partner—When Can You Collect From the Partner If the Partnership Does Not Pay?
Am. Star Energy & Mineral Corp. v. Stowers, 457 S.W.3d 427 (Tex. 2015)
May 28, 2010John C. Ale, Michael K. Pierce, Frank Z. Ruttenberg
Acquisitions of Partnerships and LLCs
This is a sample form for the acquisition of membership interests in a limited liability company formed under Texas law. As with any sample form, a practitioner must tailor it to the needs of the client, which may involve extensive additions, deletions and modifications. These can arise out of, among other things, the business in which the company engages, the assets the company owns, whether it has subsidiaries or other investments, the percentage of the aggregate membership interests being acquired, whether those interests or other securities of the company are publicly traded, regulatory requirements affecting the company, its business or the transaction, planned financings, plans for the business going forward and a host of other matters. This form does not attempt to address anything beyond a simple company operating under no particular regulatory or other regime and not having publicly traded securities.