Sec. 7.21. DEFINITIONS    


Latest version.
  • In this subchapter:

    (1) "Agent" means a director, officer, employee, or other person authorized to act in behalf of a corporation or association.

    (2) "High managerial agent" means:

    (A) a partner in a partnership;

    (B) an officer of a corporation or association;

    (C) an agent of a corporation or association who has duties of such responsibility that his conduct reasonably may be assumed to represent the policy of the corporation or association.

Acts 1973, 63rd Leg., p. 883, ch. 399, Sec. 1, eff. Jan. 1, 1974. Amended by Acts 1993, 73rd Leg., ch. 900, Sec. 1.01, eff. Sept. 1, 1994.