Tex. Business Organizations Code § 8.002
This is the official text of Tex. Business Organizations Code § 8.002, part of Texas’s Business Organizations Code — governs the formation and operation of corporations, LLCs, and partnerships.
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§ 8.002. APPLICATION OF CHAPTER.
Official statutory text
(a) Except as provided by Subsection (b) and Section 8.005, this chapter does not apply to a:
(1) general partnership; or
(2) limited liability company.
(b) The governing documents of a general partnership or limited liability company may adopt provisions of this chapter or may contain other provisions, which will be enforceable, relating to:
(1) indemnification;
(2) advancement of expenses; or
(3) insurance or another arrangement to indemnify or hold harmless a governing person.
(1) general partnership; or
(2) limited liability company.
(b) The governing documents of a general partnership or limited liability company may adopt provisions of this chapter or may contain other provisions, which will be enforceable, relating to:
(1) indemnification;
(2) advancement of expenses; or
(3) insurance or another arrangement to indemnify or hold harmless a governing person.
Status: in_force · Read it on the official government site
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