Tex. Bus. Org. Code § 8.005

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 8.005 - Indemnification Against Negligence

(a) This section applies to:

(1) an enterprise subject to this chapter; and

(2) notwithstanding Section 8.002, a general partnership or limited liability company.

(b) A requirement under the laws of this state that indemnification or exculpation for negligence be expressly and conspicuously stated does not apply to a provision in an enterprise's governing documents that provides for indemnification or exculpation.

Tex. Bus. Org. Code § 8.005

Added by Acts 2021, Texas Acts of the 87th Leg. - Regular Session, ch. 39,Sec. 15, eff. 9/1/2021.