Sec. 153.007.  NO FIDUCIARY DUTY.  Except as otherwise provided by law, a governing board, an institution of higher education, a university system, a center, or any employee or member of those entities does not owe a fiduciary duty to any person claiming an interest in consideration received by a university system or an institution of higher education in exchange for technology.
Added by Acts 2001, 77th Leg., ch. 749, Sec. 1, eff. Sept. 1, 2001.