Section 302.002 - Duration of Professional Association 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 duration stated in the certificate of formation; or(B) the association is wound up and terminated in the manner provided by the certificate of formation or, if the certificate of formation does not provide a manner for winding up and termination, by a two-thirds vote of the association's members; and(2) in existence notwithstanding: (A) the death, insanity, incompetency, felony conviction, resignation, withdrawal, transfer of ownership interest, or expulsion of a member other than the last surviving member of the association;(B) the admission of a new member or the transfer of ownership interest to a new or existing member; or(C) the occurrence of an event that would require the winding up of a partnership under state law or similar circumstances.Tex. Bus. Org. Code § 302.002
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. 1/1/2006.