12.106 – LIABILITY. (a) The banking commissioner, a
Texas Finance Code § 12.106
Summary
This law protects certain officials and employees of the banking department from personal liability for damages resulting from their official actions, unless those actions are corrupt or malicious. It ensures that individuals in these roles can perform their duties without fear of personal legal repercussions, fostering accountability in the banking sector.
Protects banking officials from personal liability.
Liability exists only for corrupt or malicious acts.
The attorney general defends actions against these officials.
Frequently Asked Questions
Why Attorneys Choose FlawFinder
Side-by-side with Westlaw and LexisNexis
Feature
FlawFinder
Westlaw
LexisNexis
Monthly price
$19 - $99
$133 - $646
$153 - $399
Contract
None
1-3 year min
1-6 year min
Hidden fees
$0, always
Up to $469/search
$25/mo + per-doc
Police SOPs
✓ 310+ departments
✗
✗
Zero-hallucination AI
✓ CitationGuard
✗
✗
Cancel
One click
Termination fees
No option to cancel
Explain Like I'm 5
In simple terms: Learn about Texas's LIABILITY. (a) The banking commissioner, a law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
FlawFinder provides legal information, not legal advice. Consult a licensed attorney for specific legal guidance.