Tex. Bus. Org. Code § 200.314
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
A trust manager of a real estate investment trust may not be held liable to the real estate investment trust for an act, omission, loss, damage, or expense arising from the performance of the trust manager's duties under the trust, except for liability arising from the wilful misfeasance, wilful malfeasance, or gross negligence of the trust manager.
Tex. Bus. Org. Code § 200.314