Tex. Bus. Orgs. Code Section 303.005
Existence of Professional Corporation Before Winding up and Termination

A professional corporation continues to exist until the winding up and termination of the corporation as provided by Chapter 11 (Winding up and Termination of Domestic Entity) without regard to:

(1)

the death, incompetency, bankruptcy, resignation, withdrawal, retirement, or expulsion of any shareholder of the corporation;

(2)

the transfer of shares to a new shareholder; or

(3)

the occurrence of an event requiring the winding up of a partnership.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.

Source: Section 303.005 — Existence of Professional Corporation Before Winding up and Termination, https://statutes.­capitol.­texas.­gov/Docs/BO/htm/BO.­303.­htm#303.­005 (accessed Apr. 29, 2024).

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Accessed:
Apr. 29, 2024

§ 303.005’s source at texas​.gov