Forming Accounting Unit

Sec. 2001.432. FORMING ACCOUNTING UNIT. (a) Two or more licensed authorized organizations may form and operate a unit as provided by this subchapter by: (1) executing a unit accounting agreement; and (2) stating in the unit accounting agreement whether the unit will use: (A) a unit manager; or (B) a designated agent. (b) More than one unit may be formed at a single location. A licensed authorized organization may not be a member of more than one unit. (c) This subchapter does not require a licensed authorized organization to join a unit. Except as provided by Subsection (d), whether to join or withdraw from a unit is at the discretion of each licensed authorized organization. (d) The members of a unit may determine whether to allow another licensed authorized organization to join the unit. The terms of the withdrawal of a member from the unit are governed by the unit accounting agreement. Added by Acts 2003, 78th Leg., ch. 1114, Sec. 19, eff. Sept. 1, 2003.