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State Law
Federal Law
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Texas Business Organizations Code - Chapter 8 Indemnification And InsuranceLegal Research Home > Texas Lawyer > Business Organizations Code > Texas Business Organizations Code - Chapter 8 Indemnification And Insurance In this chapter: (1) "Delegate" means a person who, while serving as a governing person of an enterprise, is or was serving as a representative ... (a) Except as provided by Subsection (b), this chapter does not apply to a: (1) general partnership; or (2) limited liability company. (b) The governing ... (a) The certificate of formation of an enterprise may restrict the circumstances under which the enterprise must or may indemnify or may advance expenses to ... Except as provided in Section 8.151, a provision for an enterprise to indemnify or advance expenses to a governing person is valid only to the ... (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 ... (a) On application of a governing person, former governing person, or delegate and after notice is provided as required by the court, a court may ... (a) An enterprise may indemnify a governing person, former governing person, or delegate who was, is, or is threatened to be made a respondent in ... (a) Subject to Subsection (b), an enterprise may indemnify a governing person, former governing person, or delegate against: (1) a judgment; and (2) expenses, other ... (a) Except as provided by Subsections (b) and (c), the determinations required under Section 8.101(a) must be made by: (1) a majority vote of the ... (a) An enterprise may pay or reimburse reasonable expenses incurred by a present governing person or delegate who was, is, or is threatened to be ... (a) Notwithstanding any other provision of this chapter but subject to Section 8.003 and to the extent consistent with other law, an enterprise may indemnify ... Notwithstanding any other provision of this chapter, an enterprise may pay or reimburse reasonable expenses incurred by a governing person, officer, employee, agent, delegate, or ... (a) Notwithstanding any other provision of this chapter, an enterprise may purchase or procure or establish and maintain insurance or another arrangement to indemnify or ... (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 ... Last modified: August 10, 2007 |