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31 chapters · 1,359 sections in this title.
Tex. Business Organizations Code § 303.001 Applicability of Certain Provisions Governing For-Profit Corporations
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Sec. 303.001. APPLICABILITY OF CERTAIN PROVISIONS GOVERNING FOR-PROFIT CORPORATIONS. The provisions of Chapters 20 and 21 governing a for-profit corporation apply to a professional corporation, unless there is a conflict with this title. Acts 2003, 78th Leg., ch. 182, Sec. 1, eff…
Tex. Business Organizations Code § 303.002 Authority and Liability of Shareholder
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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 liab…
Tex. Business Organizations Code § 303.003 Notice of Restriction On Transfer of Shares
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Sec. 303.003. NOTICE OF RESTRICTION ON TRANSFER OF SHARES. Any restriction on the transfer of shares in a professional corporation that is imposed by the governing documents of the corporation or an applicable agreement must be: (1) noted on each certificate representing the shar…
Tex. Business Organizations Code § 303.004 Redemption of Shares; Price and Terms
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Sec. 303.004. REDEMPTION OF SHARES; PRICE AND TERMS. (a) A professional corporation may redeem shares of a shareholder, including a deceased shareholder. (b) The price and other terms of a redemption of shares may be: (1) agreed to between the board of directors of the profession…