{"data":{"id":"us-tx/tex.-business-organizations-code-303.002","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 303.002","heading":"AUTHORITY AND LIABILITY OF SHAREHOLDER.","body":"(a) A shareholder of a professional corporation is not required to supervise the performance of duties by an officer or employee of the corporation.\n(b) A shareholder of a professional corporation is subject to no greater liability than a shareholder of a for-profit corporation.\nActs 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.","path":["BUSINESS ORGANIZATIONS CODE","TITLE 7. PROFESSIONAL ENTITIES","CHAPTER 303. PROVISIONS RELATING TO PROFESSIONAL CORPORATIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/BO/htm/BO.303.htm#303.002","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"708d6f25e09d71f95d76dbb0ea418e9b1f2f76e55bbb14896f34c493ebde7891","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-303.001","next":"us-tx/tex.-business-organizations-code-303.003"},"notice":"GroundRules: Original legal text. Not legal advice."}