(a) In this section, "business entity" means a corporation, business trust, estate, trust, partnership, including a limited partnership, association, or any other legal entity, regardless of whether the entity is incorporated in this state.
(b) In this chapter, "controlling person" means an individual who:
(1) has direct or indirect control of at least 25 percent of the voting securities of a business entity;
(2) has the authority to set policy and direct the management of a business entity;
(3) is the president, the secretary, or a director of a business entity; or
(4) is a general partner of a partnership, including a limited partnership.
Official text of the Texas Occupations Code as published by the Texas Legislative Council.