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Texas Business Organizations Code

§ 302.013 — WINDING UP AND TERMINATION; CERTIFICATE OF TERMINATION

BO § 302.013Title 7. PROFESSIONAL ENTITIES · Ch. 302. PROVISIONS RELATING TO PROFESSIONAL ASSOCIATIONS

Statute text

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(a)A professional association may wind up and terminate the association's business as provided by:
(1)the association's certificate of formation; or
(2)if the certificate of formation does not provide for the winding up and termination of the association, a two-thirds vote of the association's members.
(b)Except as provided by Subsection (c), a certificate of termination filed in accordance with Chapter 11 must be executed by an officer of the professional association on behalf of the association.
(c)If a professional association does not have any living officer, the certificate of termination must be executed by the legal representative of the last surviving officer of the association.

Legislative history

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

Source: Texas Business Organizations Code § 302.013 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.