Texas Finance Code 154.3551 – Limit On Liability
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(a) A member of the advisory council is not personally liable for damages arising from the member’s official act or omission under this subchapter unless the act or omission is corrupt or malicious.
(b) The attorney general shall defend an action brought against a member of the advisory council arising from an official act or omission under this subchapter, including an action instituted after the defendant‘s service with the advisory council has terminated.
Terms Used In Texas Finance Code 154.3551
- Advice and consent: Under the Constitution, presidential nominations for executive and judicial posts take effect only when confirmed by the Senate, and international treaties become effective only when the Senate approves them by a two-thirds vote.
- Contract: A legal written agreement that becomes binding when signed.
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
(c) The attorney general is not required to defend a member of the advisory council against an action relating to:
(1) the disposition of a claim filed under this subchapter; or
(2) any issue other than the applicability or effect of the limitation on liability under this section.
(d) The commissioner on behalf of the fund, with the advice and consent of the advisory council, may contract with the attorney general under Chapter 771, Government Code, for legal services not covered by this section.