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Texas Business Organizations Code

§ 22.152 — IMMUNITY FROM LIABILITY

BO § 22.152Title 2. CORPORATIONS · Ch. 22. NONPROFIT CORPORATIONS · Art. D. MEMBERS

Statute text

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The members of a corporation are not personally liable for a debt, liability, or obligation of the corporation.

Legislative history

Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.

Source: Texas Business Organizations Code § 22.152 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.