Sec. 302.002.  DURATION OF PROFESSIONAL ASSOCIATION.  A professional association continues:
(1)  for all purposes as a separate entity independent of the association's members until:
(A)  the expiration of the period of duration stated in the certificate of formation;  or
(B)  the association is wound up and terminated in the manner provided by the certificate of formation or, if the certificate of formation does not provide a manner for winding up and termination, by a two-thirds vote of the association's members;  and
(2)  in existence notwithstanding:
(A)  the death, insanity, incompetency, felony conviction, resignation, withdrawal, transfer of ownership interest, or expulsion of a member other than the last surviving member of the association;
(B)  the admission of a new member or the transfer of ownership interest to a new or existing member;  or
(C)  the occurrence of an event that would require the winding up of a partnership under state law or similar circumstances.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.