{"data":{"id":"us-tx/tex.-business-organizations-code-303.005","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 303.005","heading":"EXISTENCE OF PROFESSIONAL CORPORATION BEFORE WINDING UP AND TERMINATION.","body":"A professional corporation continues to exist until the winding up and termination of the corporation as provided by Chapter 11 without regard to:\n(1) the death, incompetency, bankruptcy, resignation, withdrawal, retirement, or expulsion of any shareholder of the corporation;\n(2) the transfer of shares to a new shareholder; or\n(3) the occurrence of an event requiring the winding up of a partnership.\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#303.005","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"606c40811cd108412470e4af38de63a74ace7270ce408ae8e135f0848a528dd9","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-303.004","next":"us-tx/tex.-business-organizations-code-303.006"},"notice":"GroundRules: Original legal text. Not legal advice."}