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Texas Business Organizations Code

§ 22.406 — INDEMNIFICATION

BO § 22.406Title 2. CORPORATIONS · Ch. 22. NONPROFIT CORPORATIONS · Art. I. CHURCH BENEFITS BOARDS

Statute text

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A church benefits board, or an affiliate wholly owned by the board, may agree to indemnify against damage or risk of loss:
(1)a minister, teacher, employee, trustee, functionary, or director affiliated with the board or a family member, dependent, or beneficiary of one of those persons;
(2)a church or a convention, conference, or association of churches; or
(3)an organization that is controlled by or affiliated with the board or with a church or a convention, conference, or association of churches.

Legislative history

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

Source: Texas Business Organizations Code § 22.406 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.