Texas Business Organizations Code - Section 8.152. Reports Of Indemnification And Advances
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Texas Lawyer > Business Organizations Code > Texas Business Organizations Code - Section 8.152. Reports Of Indemnification And Advances
§ 8.152. REPORTS OF INDEMNIFICATION AND ADVANCES. (a) An
enterprise shall report in writing to the owners or members of the
enterprise an indemnification of or advance of expenses to a
governing person.
(b) Subject to Subsection (c), the report must be made with
or before the notice or waiver of notice of the next meeting of the
owners or members of the enterprise and before the next submission
to the owners or members of a consent to action without a meeting.
(c) The report must be made not later than the first
anniversary of the date of the indemnification or advance.
Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.
Section: 8.101 8.102 8.103 8.104 8.105 8.106 8.151 8.152 9.001 9.002 9.003 9.004 9.006 9.007 9.008
Last modified: August 11, 2007
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