Court Opinions

State Laws

US Code

US Constitution

Texas Business Organizations Code - Section 303.005. Existence Of Professional Corporation Before Winding Up And Termination

Legal Research Home > Texas Lawyer > Business Organizations Code > Texas Business Organizations Code - Section 303.005. Existence Of Professional Corporation Before Winding Up And Termination

§ 303.005. EXISTENCE OF PROFESSIONAL CORPORATION BEFORE 
WINDING UP AND TERMINATION.  A professional corporation continues 
to exist until the winding up and termination of the corporation as 
provided by Chapter 11 without regard to:
		(1)  the death, incompetency, bankruptcy, resignation, 
withdrawal, retirement, or expulsion of any shareholder of the 
corporation;
		(2)  the transfer of shares to a new shareholder;  or                         
		(3)  the occurrence of an event requiring the winding 
up of a partnership.  

Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.                     

Last modified: August 11, 2007