Tex. Bus. Orgs. Code Section 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 liability than a shareholder of a for-profit corporation.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.

Source: Section 303.002 — Authority and Liability of Shareholder, https://statutes.­capitol.­texas.­gov/Docs/BO/htm/BO.­303.­htm#303.­002 (accessed Jun. 5, 2024).

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Accessed:
Jun. 5, 2024

§ 303.002’s source at texas​.gov