GroundRules
Tex. Business Organizations Code § 303.002: AUTHORITY AND LIABILITY OF SHAREHOLDER.
Where this section sits in the code
- BUSINESS ORGANIZATIONS CODE
- TITLE 7. PROFESSIONAL ENTITIES
- CHAPTER 303. PROVISIONS RELATING TO PROFESSIONAL CORPORATIONS
(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.
Collected 2026-08-27T01:46:58Z. Source file · JSON