Tex. Occ. Code § 2001.432 · Subchapter I-1. UNIT ACCOUNTING
FORMING ACCOUNTING UNIT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Two or more licensed authorized organizations may form and operate a unit as provided by this subchapter by:
(1) executing a unit accounting agreement; and
(2) stating in the unit accounting agreement whether the unit will use:
(A) a unit manager; or
(B) a designated agent.
(b) More than one unit may be formed at a single location. A licensed authorized organization may not be a member of more than one unit.
(c) This subchapter does not require a licensed authorized organization to join a unit. Except as provided by Subsection (d), whether to join or withdraw from a unit is at the discretion of each licensed authorized organization.
(d) The members of a unit may determine whether to allow another licensed authorized organization to join the unit. The terms of the withdrawal of a member from the unit are governed by the unit accounting agreement.
Notes and commentary — not statutory text
History
Added by Acts 2003, 78th Leg., ch. 1114, Sec. 19, eff. Sept. 1, 2003.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/OC/htm/OC.2001.htm
- Text hash
- sha256 2f431391c4a642a5b7e3882bcb4d8c5c75dd04b47fea13ee4a2c19fa97bd9882
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.