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Texas Business Organizations Code - Chapter 301 Provisions Relating To Professional EntitiesLegal Research Home > Texas Lawyer > Business Organizations Code > Texas Business Organizations Code - Chapter 301 Provisions Relating To Professional Entities Sponsored Links(a) This title applies only to a professional entity or foreign professional entity. (b) This title does not affect: (1) the professional or confidential relationship ... This title prevails over a conflicting provision of Title 1, 2, or 3. Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006. ... In this title: (1) "Licensed mental health professional" means a person, other than a physician, who is licensed by the state to engage in the ... For purposes of this title, a person is an authorized person with respect to: (1) a professional association if the person is a professional individual; ... (a) When required by Chapter 9, a foreign professional entity must file an application for registration to transact business in this state. (b) The secretary ... (a) A professional association or foreign professional association may provide a professional service in this state only through owners, managerial officials, employees, or agents, each ... (a) A person may be an owner of a professional entity or a governing person of a professional limited liability company only if the person ... (a) A managerial official of a professional entity who ceases to satisfy the requirements of Section 301.007 shall promptly resign the person's position and employment ... Except as limited by the governing documents of the professional entity or an applicable agreement, an ownership interest in a professional entity may be transferred ... (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) ... (a) A sale, issuance, or offer for sale of an ownership interest in a professional entity to a person authorized under this title to own ... (a) Persons licensed as doctors of medicine and persons licensed as doctors of osteopathy by the Texas State Board of Medical Examiners and persons licensed ... Last modified: August 11, 2007 |