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State Law
Federal Law
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Texas Business Organizations Code - Chapter 303 Provisions Relating To Professional CorporationsLegal Research Home > Texas Lawyer > Business Organizations Code > Texas Business Organizations Code - Chapter 303 Provisions Relating To Professional Corporations The provisions of Chapters 20 and 21 governing a for-profit corporation apply to a professional corporation, unless there is a conflict with this title. Acts ... (a) A shareholder of a professional corporation is not required to supervise the performance of duties by an officer or employee of the corporation. (b) ... Any restriction on the transfer of shares in a professional corporation that is imposed by the governing documents of the corporation or an applicable agreement ... (a) A professional corporation may redeem shares of a shareholder, including a deceased shareholder. (b) The price and other terms of a redemption of shares ... 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 ... A shareholder of a professional corporation may not wind up the affairs of and terminate the corporation independently of other shareholders of the corporation. Acts ... Last modified: August 10, 2007 |