Sec. 181.108. LIABILITY OF COMMISSION AND DEPARTMENT OFFICERS AND PERSONNEL LIMITED. (a) The banking commissioner, a member of the finance commission, a deputy banking commissioner, an examiner, assistant examiner, supervisor, conservator, agent, or other officer or employee of the department, or an agent of the banking commissioner 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 because of an official act or omission under Subsection (a), regardless of whether the defendant has terminated service with the department before the action commences.
Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff. Sept. 1, 1999. Amended by Acts 2001, 77th Leg., ch. 412, Sec. 3.03, eff. Sept. 1, 2001.
Structure Texas Statutes
Title 3 - Financial Institutions and Businesses
Chapter 181 - General Provisions
Subchapter B. Regulation of Trust Companies by Banking Department
Section 181.101. Issuance of Interpretive Statements
Section 181.102. Issuance of Opinion
Section 181.103. Effect of Interpretive Statement or Opinion
Section 181.104. Examination Requirement
Section 181.105. Cost of Regulation
Section 181.106. Regulation and Examination of Related Entities
Section 181.107. Statements of Condition and Income; Penalty
Section 181.108. Liability of Commission and Department Officers and Personnel Limited