Texas Business Organizations Code Title 1, Chapter 8 - Indemnification And Insurance

SUBCHAPTER A GENERAL PROVISIONS

• Texas Section 8.001 - Definitions
  In this chapter: (1) "Delegate" means a person who, while serving as a governing person of an enterprise, is or was serving at the request...
• Texas Section 8.002 - Application Of Chapter
  (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...
• Texas Section 8.003 - Limitations In Governing Documents
  (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...

SUBCHAPTER B MANDATORY AND COURT-ORDERED INDEMNIFICATION

• Texas Section 8.004 - Limitations In Chapter
  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...
• Texas Section 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...

SUBCHAPTER C PERMISSIVE INDEMNIFICATION AND ADVANCEMENT OF EXPENSES

• Texas Section 8.052 - Court-ordered Indemnification
  (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...
• Texas Section 8.101 - Permissive Indemnification
  (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...
• Texas Section 8.102 - General Scope Of Permissive Indemnification
  (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...
• Texas Section 8.103 - Manner For Determining Permissive Indemnification
  (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...
• Texas Section 8.104 - Advancement Of Expenses To Present Governing Persons Or Delegates
  (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...
• Texas Section 8.105 - Indemnification Of And Advancement Of Expenses To Persons Other Than Governing Persons
  (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...

SUBCHAPTER D LIABILITY INSURANCE; REPORTING REQUIREMENTS

• Texas Section 8.106 - Permissive Indemnification Of And Reimbursement Of Expenses To Witnesses
  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...
• Texas Section 8.151 - Insurance And Other Arrangements
  (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...
• Texas Section 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...

Last modified: September 28, 2016