Texas Business Organizations Code - Section 302.013. Winding Up And Termination; Certificate Of Termination
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§ 302.013. WINDING UP AND TERMINATION; CERTIFICATE OF
TERMINATION. (a) A professional association may wind up and
terminate the association's business as provided by:
(1) the association's certificate of formation; or
(2) if the certificate of formation does not provide
for the winding up and termination of the association, a two-thirds
vote of the association's members.
(b) Except as provided by Subsection (c), a certificate of
termination filed in accordance with Chapter 11 must be executed by
an officer of the professional association on behalf of the
association.
(c) If a professional association does not have any living
officer, the certificate of termination must be executed by the
legal representative of the last surviving officer of the
association.
Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.
Section: 302.006 302.007 302.008 302.009 302.010 302.011 302.012 302.013 303.001 303.002 303.003 303.004 303.005 303.006 304.001
Last modified: August 11, 2007
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