Section 33.201 - Liability of Participants and Managers(a) A participant or manager of a limited banking association is not liable for a debt, obligation, or liability of the limited banking association, including a debt, obligation, or liability under a judgment, decree, or order of court. A participant or a manager of a limited banking association is not a proper party to a proceeding by or against a limited banking association unless the object of the proceeding is to enforce a participant's or manager's right against or liability to a limited banking association.(b) Repealed by Acts 2007, 80th Leg., R.S., Ch. 237, Sec. 80, eff. September 1, 2007.Amended By Acts 2007, 80th Leg., R.S., Ch. 237, Sec. 31, eff. 9/1/2007.Amended By Acts 2007, 80th Leg., R.S., Ch. 237, Sec. 80, eff. 9/1/2007. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.