Texas Occupations Code 351.457 – Professional Responsibility; Fees
(a) An optometrist or therapeutic optometrist may not directly or indirectly divide, share, split, or allocate a fee for optometric services or materials with:
(1) a layperson, firm, or corporation; or
(2) another optometrist, therapeutic optometrist, or licensed physician, except on the basis of a division of service or responsibility.
(b) Subsection (a) does not:
(1) prevent an optometrist or therapeutic optometrist from paying an employee in the regular course of employment;
(2) prevent establishment of a partnership for the practice of optometry or therapeutic optometry; or
(3) prohibit an optometrist or therapeutic optometrist from being employed on a salary, with or without a bonus arrangement, by an optometrist, therapeutic optometrist, or licensed physician, regardless of the amount of supervision exerted by the employer over the office in which the employee works.
Terms Used In Texas Occupations Code 351.457
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
(c) A bonus arrangement described by Subsection (b)(3) may not be based on the business or income of an optical company.
(d) § 351.361(c) applies to this section.