Texas § BO.303.005 - EXISTENCE OF PROFESSIONAL CORPORATION BEFORE WINDING UP AND TERMINATION
Full text of Texas The Texas Constitution § BO.303.005 — EXISTENCE OF PROFESSIONAL CORPORATION BEFORE WINDING UP AND TERMINATION, with citation guidance and answers to common questions.
§ BO.303.005. EXISTENCE OF PROFESSIONAL CORPORATION BEFORE WINDING UP AND TERMINATION
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. Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § BO.303.005
What does The Texas Constitution § BO.303.005 cover?
Section BO.303.005 ("EXISTENCE OF PROFESSIONAL CORPORATION BEFORE WINDING UP AND TERMINATION") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § BO.303.005?
A common citation format is "The Texas Constitution § BO.303.005" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § BO.303.005 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.