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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) Two or more licensed authorized organizations may form and operate a unit as provided by this subchapter by:
(1) executing a unit accounting agreement; and
(2) stating in the unit accounting agreement whether the unit will use:
(A) a unit manager; or
(B) a designated agent.
(b) More than one unit may be formed at a single location. A licensed authorized organization may not be a member of more than one unit.
(c) This subchapter does not require a licensed authorized organization to join a unit. Except as provided by Subsection (d), whether to join or withdraw from a unit is at the discretion of each licensed authorized organization.
(d) The members of a unit may determine whether to allow another licensed authorized organization to join the unit. The terms of the withdrawal of a member from the unit are governed by the unit accounting agreement.
Cite this article: FindLaw.com - Texas Occupations Code - OCC § 2001.432. Forming Accounting Unit - last updated January 01, 2024 | https://codes.findlaw.com/tx/occupations-code/occ-sect-2001-432/
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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