Texas Business Organizations Code Title 7, Chapter 301 - Provisions Relating To Professional Entities

• Texas Section 301.001 - Applicability Of Title
  (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...
• Texas Section 301.002 - Conflicts Of Law
  This title prevails over a conflicting provision of Title 1, 2, or 3. Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
• Texas Section 301.003 - Definitions
  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...
• Texas Section 301.004 - Authorized Person
  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;...
• Texas Section 301.005 - Application For Registration Of Foreign Professional Entity
  (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...
• Texas Section 301.006 - License Required To Provide Professional Service
  (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...
• Texas Section 301.007 - Certain Requirements To Be Owner, Governing Person, Or Officer
  (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...
• Texas Section 301.008 - Duties And Powers Of Owner Or Managerial Official Who Ceases To Be Licensed; Purchase Of Ownership Interest
  (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...
• Texas Section 301.009 - Transfer Of Ownership Interest
  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...
• Texas Section 301.010 - Liability
  (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)...
• Texas Section 301.011 - Exemption From Securities Laws
  (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...
• Texas Section 301.012 - Joint Practice By Certain Professionals
  (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: September 28, 2016