Texas Business Organizations Code 301.007 – Certain Requirements to Be Owner, Governing Person, or Officer
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(a) A person may be an owner of a professional entity or a governing person of a professional limited liability company only if the person is an authorized person.
(b) An individual may be an officer of a professional entity or a governing person of a professional association or professional corporation only if the individual is a professional individual.
Terms Used In Texas Business Organizations Code 301.007
- Association: means an entity governed as an association under Title 6 or 7. See Texas Business Organizations Code 1.002
- Entity: means a domestic entity or foreign entity. See Texas Business Organizations Code 1.002
- Governing person: means a person serving as part of the governing authority of an entity. See Texas Business Organizations Code 1.002
- Individual: means a natural person. See Texas Business Organizations Code 1.002
- Officer: means an individual elected, appointed, or designated as an officer of an entity by the entity's governing authority or under the entity's governing documents. See Texas Business Organizations Code 1.002
- Person: means an individual or a corporation, partnership, limited liability company, business trust, trust, association, or other organization, estate, government or governmental subdivision or agency, or other legal entity, or a protected series or registered series of a domestic limited liability company or foreign entity. See Texas Business Organizations Code 1.002
- Professional entity: has the meaning assigned by § 301. See Texas Business Organizations Code 1.002
- Professional individual: has the meaning assigned by § 301. See Texas Business Organizations Code 1.002
- Professional limited liability company: has the meaning assigned by § 301. See Texas Business Organizations Code 1.002