Tex. Bus. Orgs. Code § 8.052 · Subchapter B. MANDATORY AND COURT-ORDERED INDEMNIFICATION
COURT-ORDERED INDEMNIFICATION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(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 order an enterprise to indemnify the person to the extent the court determines that the person is fairly and reasonably entitled to indemnification in view of all the relevant circumstances.
(b) This section applies without regard to whether the governing person, former governing person, or delegate applying to the court satisfies the requirements of Section 8.101 or has been found liable:
(1) to the enterprise; or
(2) because the person improperly received a personal benefit, without regard to whether the benefit resulted from an action taken in the person's official capacity.
(c) The indemnification ordered by the court under this section is limited to reasonable expenses if the governing person, former governing person, or delegate is found liable:
(1) to the enterprise; or
(2) because the person improperly received a personal benefit, without regard to whether the benefit resulted from an action taken in the person's official capacity.
Notes and commentary — not statutory text
History
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/BO/htm/BO.8.htm
- Text hash
- sha256 63cf096f4655477d81c3c1430ac4259399ce07e94d4b713469145dda7e7bf7ff
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
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Business Organizations Code
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.