Sec. 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) A shareholder of a professional corporation is subject to no greater liability than a shareholder of a for-profit corporation. Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Authority and Liability of Shareholder
Tex. Business Organizations Code § 303.002, under Provisions Relating To Professional Corporations.
Tex. Business Organizations Code § 303.002