Texas § BO.8.152 - REPORTS OF INDEMNIFICATION AND ADVANCES
Full text of Texas The Texas Constitution § BO.8.152 — REPORTS OF INDEMNIFICATION AND ADVANCES, with citation guidance and answers to common questions.
§ BO.8.152. REPORTS OF INDEMNIFICATION AND ADVANCES
REPORTS OF INDEMNIFICATION AND ADVANCES. (a) An enterprise shall report in writing to the owners or members of the enterprise an indemnification of or advance of expenses to a governing person. (b) Subject to Subsection (c), the report must be made with or before: (1) the notice or waiver of notice of the next meeting of the owners or members of the enterprise; or (2) the next submission to the owners or members of a consent to action without a meeting. (c) The report must be made not later than the first anniversary of the date of the indemnification or advance. Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006. Amended by: Acts 2007, 80th Leg., R.S., Ch. 688 (H.B. 1737 ), Sec. 44, eff. September 1, 2007.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § BO.8.152
What does The Texas Constitution § BO.8.152 cover?
Section BO.8.152 ("REPORTS OF INDEMNIFICATION AND ADVANCES") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § BO.8.152?
A common citation format is "The Texas Constitution § BO.8.152" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § BO.8.152 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.