Sec. 101.402.  PERMISSIVE INDEMNIFICATION, ADVANCEMENT OF EXPENSES, AND INSURANCE OR OTHER ARRANGEMENTS.  (a)  A limited liability company may:
(1)  indemnify a person;
(2)  pay in advance or reimburse expenses incurred by a person;  and
(3)  purchase or procure or establish and maintain insurance or another arrangement to indemnify or hold harmless a person.
(b)  In this section, "person" includes a member, manager, or officer of a limited liability company or an assignee of a membership interest in the company.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.