{"data":{"id":"us-tx/tex.-finance-code-33.201","jurisdiction":"us-tx","citation":"Tex. Finance Code § 33.201","heading":"LIABILITY OF PARTICIPANTS AND MANAGERS.","body":"(a) A participant or manager of a limited banking association is not liable for a debt, obligation, or liability of the limited banking association, including a debt, obligation, or liability under a judgment, decree, or order of court. A participant or a manager of a limited banking association is not a proper party to a proceeding by or against a limited banking association unless the object of the proceeding is to enforce a participant's or manager's right against or liability to a limited banking association.\n(b) Repealed by Acts 2007, 80th Leg., R.S., Ch. 237, Sec. 80, eff. September 1, 2007.\nActs 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.\nAmended by:\nActs 2007, 80th Leg., R.S., Ch. 237 (H.B. 1962), Sec. 31, eff. September 1, 2007.\nActs 2007, 80th Leg., R.S., Ch. 237 (H.B. 1962), Sec. 80, eff. September 1, 2007.","path":["FINANCE CODE","TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES","SUBTITLE A. BANKS","CHAPTER 33. OWNERSHIP AND MANAGEMENT OF STATE BANK","SUBCHAPTER C. LIMITED BANKING ASSOCIATION"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.33.htm#33.201","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"280ce5090aa6bff5ec06b421aa78991fd20a56f0e553bbd2b30227c6ba049b00","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-33.109","next":"us-tx/tex.-finance-code-33.204"},"notice":"GroundRules: Original legal text. Not legal advice."}