Texas Business Organizations Code 302.003 – Amendment of Certificate of Formation
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(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.
Terms Used In Texas Business Organizations Code 302.003
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Association: means an entity governed as an association under Title 6 or 7. See Texas Business Organizations Code 1.002
- Certificate of formation: means :
(A) the document required to be filed with the filing officer under Chapter 3 to form a filing entity; and
(B) if appropriate, a restated certificate of formation and all amendments of an original or restated certificate of formation. See Texas Business Organizations Code 1.002