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Texas Business Organizations Code - BUS ORG § 8.002. Application of Chapter

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) Except as provided by Subsection (b) and Section 8.005, 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.

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Cite this article: FindLaw.com - Texas Business Organizations Code - BUS ORG § 8.002. Application of Chapter - last updated January 01, 2024 | https://codes.findlaw.com/tx/business-organizations-code/bus-org-sect-8-002/

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