Texas § IN.462.101 - GENERAL POWERS AND DUTIES
Full text of Texas The Texas Constitution § IN.462.101 — GENERAL POWERS AND DUTIES, with citation guidance and answers to common questions.
§ IN.462.101. GENERAL POWERS AND DUTIES
GENERAL POWERS AND DUTIES. (a) The association may: (1) employ or retain persons as necessary to handle claims and perform other duties of the association; (2) borrow money necessary to implement this chapter in accordance with the plan of operation; (3) sue or be sued; (4) negotiate and enter into a contract as necessary to implement this chapter; and (5) perform other acts as necessary or proper to implement this chapter. (b) A contract authorized by Subsection (a)(4) includes a lump-sum or structured compromise and settlement agreement with a claimant who has a claim for medical or indemnity benefits for a period of three years or more, other than a settlement or lump-sum payment in violation of Subtitle A, Title 5, Labor Code. Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 1, eff. April 1, 2007.
Frequently Asked Questions About Texas § IN.462.101
What does The Texas Constitution § IN.462.101 cover?
Section IN.462.101 ("GENERAL POWERS AND DUTIES") 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 § IN.462.101?
A common citation format is "The Texas Constitution § IN.462.101" (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 § IN.462.101 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.