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2021 Texas Statutes
Business Organizations Code
Title 7 - Professional Entities
Chapter 301 - Provisions Relating to Professional Entities
Section 301.009. Transfer of Ownership Interest
Universal Citation:
TX Bus Orgs § 301.009 (2021)
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Sec. 301.009. TRANSFER OF OWNERSHIP INTEREST. Except as limited by the governing documents of the professional entity or an applicable agreement, an ownership interest in a professional entity may be transferred only to:
(1) an owner of the entity;
(2) the entity itself; or
(3) an authorized person.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
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