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Texas Business Organizations Code - Section 3.015. Supplemental Provisions Required In Certificate Of Formation Of Professional Association

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§ 3.015. SUPPLEMENTAL PROVISIONS REQUIRED IN CERTIFICATE OF FORMATION OF PROFESSIONAL ASSOCIATION. (a) In addition to containing the information required under Sections 3.005 and 3.014, the certificate of formation of a professional association must: (1) be signed by each member of the association; and (2) state: (A) the name and address of each original member of the association; and (B) that a member of the association may not dissolve the association independently of other members of the association. (b) The certificate of formation of a professional association may contain: (1) provisions regarding shares or units of ownership in the association; (2) provisions governing the winding up and termination of the association's business; and (3) any other provision consistent with state law regulating the internal affairs of a professional association. Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.

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Last modified: August 10, 2007