Texas § 43.057 LIABILITY INSURANCE FOR BOARD MEMBERS AND EMPLOYEES.

Texas Statutes

§ 43.057 — LIABILITY INSURANCE FOR BOARD MEMBERS AND EMPLOYEES.

Texas § 43.057

Code EDEducation Code

This text of Texas § 43.057 (LIABILITY INSURANCE FOR BOARD MEMBERS AND EMPLOYEES.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Education Code Code Ann. § 43.057 (2026).

Text

Sec. 43.057. LIABILITY INSURANCE FOR BOARD MEMBERS AND EMPLOYEES.

(a)The corporation may purchase or otherwise acquire insurance to protect members of the board of directors and employees of the corporation, subject to Subsection (c).

(b)Insurance purchased or acquired by the corporation under this section may:

(1)protect against any type of liability to third persons that might be incurred while conducting corporation business; and

(2)provide for all costs of defending a cause of action for such liability, including court costs and attorney's fees.

(c)This section does not authorize the purchase or acquisition of insurance to protect against liability not described in Subsection (b).

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Sec. 43.057. LIABILITY INSURANCE FOR BOARD MEMBERS AND EMPLOYEES. (a) The corporation may purchase or otherwise acquire insurance to protect members of the board of directors and employees of the corporation, subject to Subsection (c).
(b) Insurance purchased or acquired by the corporation under this section may:
(1) protect against any type of liability to third persons that might be incurred while conducting corporation business; and
(2) provide for all costs of defending a cause of action for such liability, including court costs and attorney's fees.
(c) This section does not authorize the purchase or acquisition of insurance to protect against liability not described in Subsection (b).