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State Law
Federal Law
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Texas Business Organizations Code - Chapter 302 Provisions Relating To Professional AssociationsLegal Research Home > Texas Lawyer > Business Organizations Code > Texas Business Organizations Code - Chapter 302 Provisions Relating To Professional Associations The provisions of Chapters 20 and 21 governing a for-profit corporation apply to a professional association, unless there is a conflict with this title. Acts ... A professional association continues: (1) for all purposes as a separate entity independent of the association's members until: (A) the expiration of the period of ... (a) A professional association may amend the association's certificate of formation as provided by Chapter 3 and: (1) by the procedure for amendment stated in ... (a) The members of a professional association may adopt bylaws for the association. (b) The authority to adopt bylaws for a professional association granted under ... (a) A professional association shall be governed by: (1) a board of directors; or (2) an executive committee. (b) The governing authority of a professional ... A member of a professional association is entitled to cast a vote at a meeting of the members as provided by the certificate of formation ... The governing authority of a professional association shall elect the officers of the association. Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, ... (a) Only a member of the professional association is eligible to serve as an officer or governing person of a professional association. (b) Except as ... The officers of a professional association may employ agents or employees for the association as the officers consider advisable. Acts 2003, 78th Leg., ch. 182, ... A member of a professional association is not entitled to bind the association within the scope of the association's business or profession merely by virtue ... The members of a professional association shall divide the profits derived from the association in the manner provided by the governing documents of the association. ... (a) In June of each year, a professional association shall file with the secretary of state a statement that: (1) lists: (A) the name and ... (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 ... Last modified: August 10, 2007 |