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Texas Business Organizations Code

§ 8.005 — INDEMNIFICATION AGAINST NEGLIGENCE

BO § 8.005Title 1. GENERAL PROVISIONS · Ch. 8. INDEMNIFICATION AND INSURANCE · Art. A. GENERAL PROVISIONS

Statute text

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(a)This section applies to:
(1)an enterprise subject to this chapter; and
(2)notwithstanding Section 8.002, a general partnership or limited liability company.
(b)A requirement under the laws of this state that indemnification or exculpation for negligence be expressly and conspicuously stated does not apply to a provision in an enterprise's governing documents that provides for indemnification or exculpation.

Legislative history

Added by Acts 2021, 87th Leg., R.S., Ch. 39 (S.B. 1203), Sec. 15, eff. September 1, 2021.

Source: Texas Business Organizations Code § 8.005 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.