Texas Business Organizations Code Title 7, Chapter 303 - Provisions Relating To Professional Corporations

• Texas Section 303.001 - Applicability Of Certain Provisions Governing For-profit 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...
• Texas Section 303.002 - Authority And Liability Of Shareholder
  (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)...
• Texas Section 303.003 - Notice Of Restriction On Transfer Of Shares
  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...
• Texas Section 303.004 - Redemption Of Shares; Price And Terms
  (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...
• Texas Section 303.005 - Existence Of Professional Corporation Before Winding Up And Termination
  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...
• Texas Section 303.006 - Execution Of Certificate Of Termination
  (a) Except as provided by Subsection (b), a certificate of termination filed in accordance with Chapter 11 must be executed by an officer of the...

Last modified: September 28, 2016