Texas Business Organizations Code
Sec. § 8.002
Application of Chapter


(a)

Except as provided by Subsection (b), this chapter does not apply to a:

(1)

general partnership; or

(2)

limited liability company.

(b)

The governing documents of a general partnership or limited liability company may adopt provisions of this chapter or may contain other provisions, which will be enforceable, relating to:

(1)

indemnification;

(2)

advancement of expenses; or

(3)

insurance or another arrangement to indemnify or hold harmless a governing person.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 688 (H.B. 1737), Sec. 40, eff. September 1, 2007.
Source
Last accessed
Jul. 12, 2020