Texas § 303.005 EXISTENCE OF PROFESSIONAL CORPORATION BEFORE WINDING UP AND TERMINATION.

Texas Statutes

§ 303.005 — EXISTENCE OF PROFESSIONAL CORPORATION BEFORE WINDING UP AND TERMINATION.

Texas § 303.005

Code BOBusiness Organizations Code

This text of Texas § 303.005 (EXISTENCE OF PROFESSIONAL CORPORATION BEFORE WINDING UP AND TERMINATION.) 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. § 303.005 (2026).

Text

Sec. 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 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.

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Sec. 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 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.