Sec. 885.254. IMMUNITY. (a) A director, officer, employee, member, or volunteer of a fraternal benefit society serving without compensation is not personally liable for damages resulting from an act or omission in the exercise of judgment or discretion in connection with the duties of that person for the society unless the act or omission involved wilful or wanton misconduct.
(b) This section does not limit a fraternal benefit society's direct or indirect liability.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Structure Texas Statutes
Title 6 - Organization of Insurers and Related Entities
Subtitle E - Mutual and Fraternal Companies and Related Entities
Chapter 885 - Fraternal Benefit Societies
Subchapter F. Powers and Duties of Fraternal Benefit Society
Section 885.251. General Powers
Section 885.252. Powers of Certain Fraternal Benefit Societies
Section 885.253. Principal Office of Domestic Fraternal Benefit Society
Section 885.255. Indemnification or Reimbursement
Section 885.256. Indemnification or Reimbursement in Relation to Breach of Duty Prohibited
Section 885.257. Insurance for Directors, Officers, Employees, or Agents
Section 885.258. Management and Use of Assets and Funds
Section 885.259. Source of Funds
Section 885.260. Specified Payments
Section 885.261. Control of Fund by Lodge
Section 885.262. Investment of Fraternal Benefit Society Funds