Sec. 119.008. LIABILITY OF COMMISSIONER AND OTHER COMMISSION PERSONNEL; DEFENSE BY ATTORNEY GENERAL. (a) The commissioner, a member of the finance commission, a deputy commissioner, an examiner, or any other officer or employee of the Department of Savings and Mortgage Lending is not personally liable for damages arising from the person's official act or omission unless the act or omission is corrupt or malicious.
(b) The attorney general shall defend an action brought against a person described by Subsection (a) because of the person's official act or omission without regard to whether the person is an officer or employee of the department at the time the action is initiated.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 921 (H.B. 3167), Sec. 6.050, eff. September 1, 2007.
Structure Texas Statutes
Title 3 - Financial Institutions and Businesses
Chapter 119 - Miscellaneous Provisions Applicable to Savings Banks
Subchapter A. General Miscellaneous Provisions
Section 119.001. Applicability of Chapter 4, Business & Commerce Code
Section 119.002. Applicability of Savings and Loan Laws to Savings Banks
Section 119.003. Acknowledgment or Proof Taken by Member, Stockholder, or Employee of Savings Bank
Section 119.004. Rendition of Certain Personal Property for Ad Valorem Taxation
Section 119.005. State Taxation of Savings Banks
Section 119.006. Initiation of Rulemaking by Savings Banks