1. (a) Except as provided by Subsection (b) and Section 8.005, this chapter does not apply to a:

   1. (1) general partnership; or
   2. (2) limited liability company.

2. (b) The governing documents of a general partnership or limited liability company may adopt provisions of this chapter or may contain other provisions, which will be enforceable, relating to:

   1. (1) indemnification;
   2. (2) advancement of expenses; or
   3. (3) insurance or another arrangement to indemnify or hold harmless a governing person.

Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.

Acts 2007, 80th Leg., R.S., Ch. 688 (H.B. 1737), Sec. 40, eff. September 1, 2007.

Acts 2021, 87th Leg., R.S., Ch. 39 (S.B. 1203), Sec. 13, eff. September 1, 2021.