Texas Penal Code

§ 34.021 — PROTECTION FROM CIVIL LIABILITY

PE § 34.021Title 7. OFFENSES AGAINST PROPERTY · Ch. 34. MONEY LAUNDERING

Statute text

Notwithstanding Section 1.03(c), a financial institution or an agent of the financial institution acting in a manner described by Section 34.02(c) is not liable for civil damages to a person who:

(1)claims an ownership interest in funds involved in an offense under Section 34.02; or

(2)conducts with the financial institution or an insurer, as defined by Article 1.02, Insurance Code, a transaction concerning funds involved in an offense under Section 34.02.

Legislative history

Added by Acts 2005, 79th Leg., Ch. 1162 (H.B. 3376), Sec. 3, eff. September 1, 2005.