Texas Occupations Code 351.361 – Lease; Payment Basis; Accounts Receivable
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(a) An optometrist or therapeutic optometrist may:
(1) lease space from an establishment;
(2) pay for franchise fees or other services on a percentage or gross receipts basis; or
(3) sell, transfer, or assign accounts receivable.
(b) Subsection (a)(2) does not authorize activity prohibited by § 351.408.
Terms Used In Texas Occupations Code 351.361
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
(c) The purpose of this section is to protect the public in the practice of optometry or therapeutic optometry, better enable the public to assign professional responsibility, and further safeguard the doctor-patient relationship.