Tex. Ins. Code § 2054.105 · Subchapter C. MANAGEMENT OF COMPANY
PERSONAL LIABILITY OF BOARD MEMBERS, OFFICERS, AND EMPLOYEES.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
In connection with the administration, management, or conduct of the company, the company's business, or a related matter, a board member, the president, or an officer or employee of the company is not personally liable in the individual's private capacity for an act performed or a contract or other obligation entered into or undertaken in the individual's official capacity in good faith and without intent to defraud.
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.2054.htm
- Text hash
- sha256 36b2d95e69acfbe744a2e1cf17a690db198e7ae6def56ff0dc872357a3fe0708
- 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
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.