Tex. Bus. Orgs. Code Section 402.007
Indemnification

Chapter 8 (Miscellaneous and Transition Provisions) governs any proposed indemnification by a domestic entity after the mandatory application date, regardless of whether the events on which the indemnification is based occurred before or after the mandatory application date. In a case in which indemnification is permitted but not required under Chapter 8 (Miscellaneous and Transition Provisions), a provision relating to indemnification contained in the governing documents of a domestic entity on the mandatory application date that would otherwise have the effect of limiting the nature or type of indemnification permitted by Chapter 8 (Miscellaneous and Transition Provisions) may not be construed after the mandatory application date as limiting the indemnification authorized by Chapter 8 (Miscellaneous and Transition Provisions) unless the provision is intended to limit or restrict permissive indemnification under applicable law.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Amended by:
Acts 2005, 79th Leg., Ch. 64 (H.B. 1319), Sec. 104, eff. January 1, 2006.

Source: Section 402.007 — Indemnification, https://statutes.­capitol.­texas.­gov/Docs/BO/htm/BO.­402.­htm#402.­007 (accessed Apr. 29, 2024).

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Accessed:
Apr. 29, 2024

§ 402.007’s source at texas​.gov