Tex. Bus. Org. Code § 8.051

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
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 proceeding in which the person is a respondent because the person is or was a governing person or delegate if the person is wholly successful, on the merits or otherwise, in the defense of the proceeding.
(b) A court that determines, in a suit for indemnification, that a governing person, former governing person, or delegate is entitled to indemnification under this section shall order indemnification and award to the person the expenses incurred in securing the indemnification.

Tex. Bus. Org. Code § 8.051

Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. 1/1/2006.
Amended by Acts 2005, 79th Leg., Ch. 64, Sec. 21, eff. 1/1/2006.