Texas Finance Code

§ 12.106 — LIABILITY

FI § 12.106Title 2. FINANCIAL REGULATORY AGENCIES · Ch. 12. TEXAS DEPARTMENT OF BANKING · Art. B. OPERATION OF DEPARTMENT

Statute text

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(a)The banking commissioner, a member of the finance commission, a deputy banking commissioner, an examiner, assistant examiner, supervisor, conservator, agent, or other officer or employee of the department, or an agent of the banking commissioner is not personally liable for damages arising from the person's official act or omission unless the act or omission is corrupt or malicious.

(b)The attorney general shall defend an action brought against a person because of an official act or omission under Subsection (a) regardless of whether the defendant has terminated service with the department before the action commences.

Legislative history

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 2001, 77th Leg., ch. 412, Sec. 1.03, eff. Sept. 1, 2001.