Tex. Bus. Orgs. Code Section 402.007
Indemnification

Chapter 8 (Indemnification and Insurance) 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 (Indemnification and Insurance), 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 (Indemnification and Insurance) may not be construed after the mandatory application date as limiting the indemnification authorized by Chapter 8 (Indemnification and Insurance) 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 May 18, 2024).

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Accessed:
May 18, 2024

§ 402.007’s source at texas​.gov