Texas Occupations Code

§ 162.051 — AUTHORITY TO FORM CERTAIN JOINTLY OWNED ENTITIES

OC § 162.051Title 3. HEALTH PROFESSIONS · Part B. PHYSICIANS · Ch. 162. REGULATION OF PRACTICE OF MEDICINE · Art. B. AUTHORITY TO FORM CERTAIN ENTITIES

Statute text

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(a)Except as provided by Section 165.155, a physician and an optometrist or therapeutic optometrist may, for a purpose described by Subsection (b), organize, jointly own, and manage any legal entity, including:

(1)a partnership under the Texas Revised Partnership Act (Article 6132b-1.01 et seq., Vernon's Texas Civil Statutes);

(2)a limited partnership under the Texas Revised Limited Partnership Act (Article 6132a-1, Vernon's Texas Civil Statutes); and

(3)a limited liability company under the Texas Limited Liability Company Act (Article 1528n, Vernon's Texas Civil Statutes).

(b)An entity authorized under Subsection (a) may:

(1)own real property, other physical facilities, or equipment for the delivery of health care services or management;

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Legislative history

Added by Acts 2001, 77th Leg., ch. 1420, Sec. 14.033(a), eff. Sept. 1, 2001.