Texas Statutes
§ 303.002 — AUTHORITY AND LIABILITY OF SHAREHOLDER.
Texas § 303.002
JurisdictionTexas
Code BOBusiness Organizations Code
This text of Texas § 303.002 (AUTHORITY AND LIABILITY OF SHAREHOLDER.) 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. § 303.002 (2026).
Text
Sec. 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.
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Legislative History
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Nearby Sections
6
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Bluebook (online)
Texas § 303.002, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/BO/303.002.