Texas Business Organizations Code - Section 301.010. Liability
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Texas Lawyer > Business Organizations Code > Texas Business Organizations Code - Section 301.010. Liability
§ 301.010. LIABILITY. (a) A professional entity is
jointly and severally liable for an error, omission, negligent or
incompetent act, or malfeasance committed by a person who:
(1) is an owner, managerial official, employee, or
agent of the entity; and
(2) while providing a professional service for the
entity or during the course of the person's employment, commits the
error, omission, negligent or incompetent act, or malfeasance.
(b) An owner, managerial official, employee, or agent of a
professional entity other than an owner, managerial official,
employee, or agent liable under Subsection (a) is not subject to the
same liability imposed on the professional entity under this
section.
(c) If a person described by Subsection (a) is a
professional organization, the professional organization and the
professional entity are jointly and severally liable for the error,
omission, negligent or incompetent act, or malfeasance committed by
the person, or the person's owner, member, managerial official,
employee, or agent, while providing a professional service for the
professional entity.
Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.
Section: 301.003 301.004 301.005 301.006 301.007 301.008 301.009 301.010 301.011 301.012 302.001 302.002 302.003 302.004 302.005
Last modified: August 11, 2007
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