Existence of Professional Corporation Before Winding Up and Termination

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