Sec. 303.004.  REDEMPTION OF SHARES;  PRICE AND TERMS.  (a)  A professional corporation may redeem shares of a shareholder, including a deceased shareholder.
(b)  The price and other terms of a redemption of shares may be:
(1)  agreed to between the board of directors of the professional corporation and the shareholder or the shareholder's personal representative;  or
(2)  specified in the governing documents of the professional corporation or an applicable agreement.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.