Texas Occupations Code - Section 162.051. Authority To Form Certain Jointly Owned Entities
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§ 162.051. AUTHORITY TO FORM CERTAIN JOINTLY OWNED
ENTITIES. (a) Except as provided by Section 165.155, a physician
and an optometrist or therapeutic optometrist may, for a purpose
described by Subsection (b), organize, jointly own, and manage any
legal entity, including:
(1) a partnership under the Texas Revised Partnership
Act (Article 6132b-1.01 et seq., Vernon's Texas Civil Statutes);
(2) a limited partnership under the Texas Revised
Limited Partnership Act (Article 6132a-1, Vernon's Texas Civil
Statutes); and
(3) a limited liability company under the Texas
Limited Liability Company Act (Article 1528n, Vernon's Texas Civil
Statutes).
(b) An entity authorized under Subsection (a) may:
(1) own real property, other physical facilities, or
equipment for the delivery of health care services or management;
(2) lease, rent, or otherwise acquire the use of real
property, other physical facilities, or equipment for the delivery
of health care services or management; or
(3) employ or otherwise use a person who is not a
physician, optometrist, or therapeutic optometrist for the
delivery of health care services or management.
(c) Only a physician, optometrist, or therapeutic
optometrist may own an interest in an entity authorized under
Subsection (a). This subsection does not prohibit an entity from
making one or more payments to an owner's estate following the
owner's death under an agreement with the owner or as otherwise
authorized or required by law.
Added by Acts 2001, 77th Leg., ch. 1420, § 14.033(a), eff. Sept.
1, 2001.
Section: 160.055 160.056 160.101 160.102 162.001 162.002 162.003 162.051 162.052 162.101 162.102 162.103 162.104 162.105 162.106
Last modified: August 10, 2007
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