Sec. 302.003. AMENDMENT OF CERTIFICATE OF FORMATION. (a) A professional association may amend the association's certificate of formation as provided by Chapter 3 and:
(1) by the procedure for amendment stated in the certificate of formation; or
(2) if the certificate of formation does not provide a procedure for amending the certificate, by a two-thirds vote of the association's members.
(b) A professional association is not required to amend the association's certificate of formation to reflect a change in membership or a transfer of ownership interests in the association.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Amended by:
Acts 2005, 79th Leg., Ch. 64 (H.B. 1319), Sec. 99, eff. January 1, 2006.
Structure Texas Statutes
Title 7 - Professional Entities
Chapter 302 - Provisions Relating to Professional Associations
Section 302.001. Applicability of Certain Provisions Governing For-Profit Corporations
Section 302.002. Duration of Professional Association
Section 302.003. Amendment of Certificate of Formation
Section 302.004. Adoption of Bylaws; Delegation of Authority
Section 302.005. Governing Authority
Section 302.006. Members' Voting Rights
Section 302.007. Election of Officers
Section 302.008. Officer and Governing Person Eligibility Requirements
Section 302.009. Employment of Agents and Employees
Section 302.010. Limitation on Member's Power to Bind Association
Section 302.011. Division of Profits
Section 302.013. Winding Up and Termination; Certificate of Termination