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Texas Business Organizations Code

§ 302.011 — DIVISION OF PROFITS

BO § 302.011Title 7. PROFESSIONAL ENTITIES · Ch. 302. PROVISIONS RELATING TO PROFESSIONAL ASSOCIATIONS

Statute text

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The members of a professional association shall divide the profits derived from the association in the manner provided by the governing documents of the association.

Legislative history

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

Source: Texas Business Organizations Code § 302.011 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.