Texas Business Organizations Code - Section 8.051. Mandatory Indemnification
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Texas Lawyer > Business Organizations Code > Texas Business Organizations Code - Section 8.051. Mandatory Indemnification
§ 8.051. MANDATORY INDEMNIFICATION. (a) An enterprise
shall indemnify a governing person, former governing person, or
delegate against reasonable expenses actually incurred by the
person in connection with a proceeding in which the person is a
respondent because the person is or was a governing person or
delegate if the person is wholly successful, on the merits or
otherwise, in the defense of the proceeding.
(b) A court that determines, in a suit for indemnification,
that a governing person, former governing person, or delegate is
entitled to indemnification under this section shall order
indemnification and award to the person the expenses incurred in
securing the indemnification.
Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006. Amended by
Acts 2005, 79th Leg., ch. 64, § 21, eff. Jan. 1, 2006.
Section: 6.301 6.302 7.001 8.001 8.002 8.003 8.004 8.051 8.052 8.101 8.102 8.103 8.104 8.105 8.106
Last modified: August 11, 2007
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