Tex. Bus. Org. Code § 303.005

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

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 death, incompetency, bankruptcy, resignation, withdrawal, retirement, or expulsion of any shareholder of the corporation;

(2) the transfer of shares to a new shareholder; or

(3) the occurrence of an event requiring the winding up of a partnership.

Tex. Bus. Org. Code § 303.005

Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. 1/1/2006.