Tex. Business Organizations Code § 8.152
This is the official text of Tex. Business Organizations Code § 8.152, part of Texas’s Business Organizations Code — governs the formation and operation of corporations, LLCs, and partnerships.
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§ 8.152. REPORTS OF INDEMNIFICATION AND ADVANCES.
Official statutory text
(a) An enterprise shall report in writing to the owners or members of the enterprise an indemnification of or advance of expenses to a governing person.
(b) Subject to Subsection (c), the report must be made with or before:
(1) the notice or waiver of notice of the next meeting of the owners or members of the enterprise; or
(2) the next submission to the owners or members of a consent to action without a meeting.
(c) The report must be made not later than the first anniversary of the date of the indemnification or advance.
(b) Subject to Subsection (c), the report must be made with or before:
(1) the notice or waiver of notice of the next meeting of the owners or members of the enterprise; or
(2) the next submission to the owners or members of a consent to action without a meeting.
(c) The report must be made not later than the first anniversary of the date of the indemnification or advance.
Status: in_force · Read it on the official government site
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