1. (a) Except as provided by Subsection (b), 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 enforceable provisions 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.