Texas § 2270.0006 INDEMNIFICATION OF INVESTING ENTITIES, EMPLOYEES, AND OTHERS.

Texas Statutes

§ 2270.0006 — INDEMNIFICATION OF INVESTING ENTITIES, EMPLOYEES, AND OTHERS.

Texas § 2270.0006

Code GVGovernment Code

This text of Texas § 2270.0006 (INDEMNIFICATION OF INVESTING ENTITIES, EMPLOYEES, AND OTHERS.) 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. Government Code Code Ann. § 2270.0006 (2026).

Text

Sec. 2270.0006. INDEMNIFICATION OF INVESTING ENTITIES, EMPLOYEES, AND OTHERS. In a cause of action based on an action, inaction, decision, divestment, investment, company communication, report, or other determination made or taken in connection with this chapter, the state shall, without regard to whether the person performed services for compensation, indemnify and hold harmless for actual damages, court costs, and attorney's fees adjudged against, and defend:

(1)an employee, a member of the governing body, or any other officer of an investing entity;

(2)a contractor of an investing entity;

(3)a former employee, a former member of the governing body, or any other former officer of an investing entity who was an employee or officer when the act or omission on which the damages are based

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Sec. 2270.0006. INDEMNIFICATION OF INVESTING ENTITIES, EMPLOYEES, AND OTHERS. In a cause of action based on an action, inaction, decision, divestment, investment, company communication, report, or other determination made or taken in connection with this chapter, the state shall, without regard to whether the person performed services for compensation, indemnify and hold harmless for actual damages, court costs, and attorney's fees adjudged against, and defend:
(1) an employee, a member of the governing body, or any other officer of an investing entity;
(2) a contractor of an investing entity;
(3) a former employee, a former member of the governing body, or any other former officer of an investing entity who was an employee or officer when the act or omission on which the damages are based occurred;
(4) a former contractor of an investing entity who was a contractor when the act or omission on which the damages are based occurred; and
(5) an investing entity.
Transferred, redesignated and amended from Government Code, Chapter 806 by Acts 2017, 85th Leg., R.S., Ch. 96 (S.B. 253 ), Sec. 4, eff. May 23, 2017.