Texas Business Organizations Code - BUS ORG § 303.002. Authority and Liability of Shareholder
Current as of April 14, 2021 | Updated by FindLaw Staff
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(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.
Cite this article: FindLaw.com - Texas Business Organizations Code - BUS ORG § 303.002. Authority and Liability of Shareholder - last updated April 14, 2021 | https://codes.findlaw.com/tx/business-organizations-code/bus-org-sect-303-002.html
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