Tex. Educ. Code § 53.352 · Subchapter C. POWERS AND DUTIES
LIMITATION ON LIABILITY OF CORPORATION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
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.
Notes and commentary — not statutory text
History
Added by Acts 2015, 84th Leg., R.S., Ch. 800 (H.B. 2851), Sec. 2, eff. June 17, 2015.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/ED/htm/ED.53.htm
- Text hash
- sha256 d9cabde2facf17f5e45c9754a65efb40850dcd040cdba221cd77f30ab06b9ced
- 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
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