Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 7.21 - Definitions In this subchapter:
(1) "Agent" means a director, officer, employee, or other person authorized to act in behalf of a corporation, an association, a limited liability company, or another business entity.(1-a) "Business entity" means an entity or organization governed by the Business Organizations Code, other than a corporation, association, or limited liability company.(2) "High managerial agent" means: (A) a partner in a partnership;(B) an officer of a corporation, an association, a limited liability company, or another business entity;(C) an agent of a corporation, an association, a limited liability company, or another business entity who has duties of such responsibility that the agent's conduct reasonably may be assumed to represent the policy of the corporation, association, limited liability company, or other business entity.Amended by Acts 2019, Texas Acts of the 86th Leg.- Regular Session, ch. 112,Sec. 2, eff. 9/1/2019.Subchapter heading amended by Acts 2019, Texas Acts of the 86th Leg.- Regular Session, ch. 112,Sec. 2, eff. 9/1/2019.Amended by Acts 1993, 73rd Leg., ch. 900, Sec. 1.01, eff. 9/1/1994. Acts 1973, 63rd Leg., p. 883, ch. 399, Sec. 1, eff. 1/1/1974.