Texas Statutes (Last Updated: January 4, 2014) |
BUSINESS ORGANIZATIONS CODE |
Title 1. GENERAL PROVISIONS |
Chapter 8. INDEMNIFICATION AND INSURANCE |
Subchapter A. GENERAL PROVISIONS |
Sec. 8.003. LIMITATIONS IN GOVERNING DOCUMENTS
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(a) The certificate of formation of an enterprise may restrict the circumstances under which the enterprise must or may indemnify or may advance expenses to a person under this chapter.
(b) The written partnership agreement of a limited partnership may restrict the circumstances in the same manner as the certificate of formation under Subsection (a).
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.