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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) A professional association may wind up and terminate the association's business as provided by:
(1) the association's certificate of formation; or
(2) if the certificate of formation does not provide for the winding up and termination of the association, a two-thirds vote of the association's members.
(b) Except as provided by Subsection (c), a certificate of termination filed in accordance with Chapter 11 must be executed by an officer of the professional association on behalf of the association.
(c) If a professional association does not have any living officer, the certificate of termination must be executed by the legal representative of the last surviving officer of the association.
Cite this article: FindLaw.com - Texas Business Organizations Code - BUS ORG § 302.013. Winding Up and Termination; Certificate of Termination - last updated January 01, 2024 | https://codes.findlaw.com/tx/business-organizations-code/bus-org-sect-302-013/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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