Sec. 361.652.  LIABILITY OF FIDUCIARIES.  (a)  Except as otherwise provided by Subchapter I, Chapter 26, Water Code, or rules adopted under that subchapter, the liability of a fiduciary under this code or the Water Code for the release or threatened release of solid waste at, from, or in connection with a solid waste facility held in a fiduciary capacity does not exceed the assets held in the fiduciary capacity.
(b)  Subsection (a) does not apply to the extent that a person is liable independently of the person's ownership of a solid waste facility as a fiduciary or actions taken in a fiduciary capacity.
(c)  Subsections (a) and (d) do not limit the liability pertaining to a release or threatened release of solid waste if negligence, gross negligence, or wilful misconduct of a fiduciary causes or contributes to the release or threatened release.
(d)  Except as otherwise provided by Subchapter I, Chapter 26, Water Code, or rules adopted under that subchapter, a fiduciary is not liable in the fiduciary's personal capacity under this code or the Water Code for:
(1)  undertaking or directing another person to undertake a response action under the national contingency plan adopted under 42 U.S.C. Section 9605, under a commission-approved cleanup plan, or under the direction of an on-scene coordinator designated under the national contingency plan or a commission-approved cleanup plan;
(2)  undertaking or directing another person to undertake any other lawful means of addressing solid waste in connection with the solid waste facility;
(3)  terminating the fiduciary relationship;
(4)  including in the terms of the fiduciary agreement a covenant, warranty, or other term or condition that relates to compliance with an environmental law or monitoring or enforcing the term or condition;
(5)  monitoring or undertaking one or more inspections of the solid waste facility;
(6)  providing financial or other advice or counseling to other parties to the fiduciary relationship, including the settlor or beneficiary;
(7)  restructuring, renegotiating, or otherwise altering the terms and conditions of the fiduciary relationship;
(8)  administering, as a fiduciary, a solid waste facility that was contaminated before the fiduciary relationship began;  or
(9)  declining to take an action described by Subdivisions (2)-(8).
(e)  This section does not:
(1)  affect a right, immunity, or defense available under this code or the Water Code that is applicable to a person subject to this section;
(2)  create any liability for a person;  or
(3)  create a private right of action against a fiduciary or any other person.
(f)  This section does not apply to a person if the person:
(1)  acts in a capacity other than that of a fiduciary or in a beneficiary capacity and, in that capacity, directly or indirectly benefits from a trust or fiduciary relationship;  or
(2)  is a beneficiary and a fiduciary with respect to the same fiduciary estate and, as a fiduciary, receives benefits that exceed customary or reasonable compensation, and incidental benefits, permitted under other applicable law.
(g)  This section does not preclude a claim under this code or the Water Code against:
(1)  the assets of the estate or trust administered by the fiduciary;  or
(2)  a nonemployee agent or independent contractor retained by a fiduciary.
Added by Acts 1997, 75th Leg., ch. 793, Sec. 15, eff. Sept. 1, 1997.