Texas § 302.002 DURATION OF PROFESSIONAL ASSOCIATION.

Texas Statutes

§ 302.002 — DURATION OF PROFESSIONAL ASSOCIATION.

Texas § 302.002

Code BOBusiness Organizations Code

This text of Texas § 302.002 (DURATION OF PROFESSIONAL ASSOCIATION.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Business Organizations Code Code Ann. § 302.002 (2026).

Text

Sec. 302.002. DURATION OF PROFESSIONAL ASSOCIATION. A professional association continues:

(1)for all purposes as a separate entity independent of the association's members until:

(A)the expiration of the period of duration stated in the certificate of formation; or

(B)the association is wound up and terminated in the manner provided by the certificate of formation or, if the certificate of formation does not provide a manner for winding up and termination, by a two-thirds vote of the association's members; and

(2)in existence notwithstanding:

(A)the death, insanity, incompetency, felony conviction, resignation, withdrawal, transfer of ownership interest, or expulsion of a member other than the last surviving member of the association;

(B)the admission of a new member or the transfer

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Sec. 302.002. DURATION OF PROFESSIONAL ASSOCIATION. A professional association continues:
(1) for all purposes as a separate entity independent of the association's members until:
(A) the expiration of the period of duration stated in the certificate of formation; or
(B) the association is wound up and terminated in the manner provided by the certificate of formation or, if the certificate of formation does not provide a manner for winding up and termination, by a two-thirds vote of the association's members; and
(2) in existence notwithstanding:
(A) the death, insanity, incompetency, felony conviction, resignation, withdrawal, transfer of ownership interest, or expulsion of a member other than the last surviving member of the association;
(B) the admission of a new member or the transfer of ownership interest to a new or existing member; or
(C) the occurrence of an event that would require the winding up of a partnership under state law or similar circumstances.