Texas Codes

Tex. Bus. Orgs. Code § 302.011 (2026)

Division Of Profits

✓ current as of May 2026

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Sec. 302.011. DIVISION OF PROFITS. The members of a professional association shall divide the profits derived from the association in the manner provided by the governing documents of the association.

Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.

Notes of Decisions

Cited in 1 case (1 in the last 5 years), 2022–2022 · leading case: Paul Redmond Keating v. Beverly Carolynn Keating (Tex. App. 2022).

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Paul Redmond Keating v. Beverly Carolynn Keating (Tex. App. 2022). “Tex. Bus. Orgs. Code Ann. § 302.011 (providing for division of profits according to 16 Beverly did not seek a finding of alter ego.”

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