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Texas Business Organizations Code

§ 8.002 — APPLICATION OF CHAPTER

BO § 8.002Title 1. GENERAL PROVISIONS · Ch. 8. INDEMNIFICATION AND INSURANCE · Art. A. GENERAL PROVISIONS

Statute text

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(a)Except as provided by Subsection (b) and Section 8.005, this chapter does not apply to a:
(1)general partnership; or
(2)limited liability company.
(b)The governing documents of a general partnership or limited liability company may adopt provisions of this chapter or may contain other provisions, which will be enforceable, relating to:
(1)indemnification;
(2)advancement of expenses; or
…

Legislative history

Acts 2007, 80th Leg., R.S., Ch. 688 (H.B. 1737), Sec. 40, eff. September 1, 2007. Acts 2021, 87th Leg., R.S., Ch. 39 (S.B. 1203), Sec. 13, eff. September 1, 2021.

Source: Texas Business Organizations Code § 8.002 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.