Tex. Business Organizations Code § 200.314
This is the official text of Tex. Business Organizations Code § 200.314, part of Texas’s Business Organizations Code — governs the formation and operation of corporations, LLCs, and partnerships.
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§ 200.314. IMMUNITY FROM LIABILITY FOR PERFORMANCE OF DUTY.
Official statutory text
A trust manager of a real estate investment trust may not be held liable to the real estate investment trust for an act, omission, loss, damage, or expense arising from the performance of the trust manager's duties under the trust, except for liability arising from the wilful misfeasance, wilful malfeasance, or gross negligence of the trust manager.
Status: in_force · Read it on the official government site
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