Sec. 53.352. LIMITATION ON LIABILITY OF CORPORATION. A director, officer, or employee of the nonprofit corporation established by the Texas Public Finance Authority under Section 53.351 is not personally liable:
(1) for damage, loss, or injury resulting from the performance of the person's duties under Section 53.351; or
(2) on any commitment or agreement executed on behalf of the corporation under Section 53.351.
Added by Acts 2015, 84th Leg., R.S., Ch. 800 (H.B. 2851), Sec. 2, eff. June 17, 2015.
Section: Previous 53.31 53.32 53.33 53.331 53.34 53.35 53.351 53.352 53.36 53.37 53.38 53.39 53.40 53.41 53.42 NextLast modified: September 28, 2016