{"data":{"id":"us-tx/tex.-finance-code-122.064","jurisdiction":"us-tx","citation":"Tex. Finance Code § 122.064","heading":"INDEMNIFICATION.","body":"A credit union may elect to indemnify a director, officer, employee, or agent of the credit union and to purchase insurance as if the credit union were an \"enterprise\" as defined by Section 8.001, Business Organizations Code, under and subject to the credit union's bylaws and written policy. A credit union may not provide any indemnification or insurance that would not be permissible under Chapter 8, Business Organizations Code, but may elect to impose the credit union's own limitations on indemnification.\nActs 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.\nAmended by:\nActs 2013, 83rd Leg., R.S., Ch. 19 (S.B. 244), Sec. 12, eff. September 1, 2013.","path":["FINANCE CODE","TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES","SUBTITLE D. CREDIT UNIONS","CHAPTER 122. ORGANIZATIONAL AND FINANCIAL REQUIREMENTS","SUBCHAPTER B. ADMINISTRATION"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.122.htm#122.064","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"2fe11ab1950b34c876f4a2c6413abcedfd7a47303ec159d7a59a362e2165ef65","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-122.063","next":"us-tx/tex.-finance-code-122.101"},"notice":"GroundRules: Original legal text. Not legal advice."}