The following persons are not liable for an act or failure to act in the exercise of the person's powers or performance of the person's duties under this chapter:
(1) a member association;
(2) the corporation;
(3) a director;
(4) the commissioner or the commissioner's representative; and
(5) an agent or employee of the corporation or a member association.
Official text of the Texas Finance Code as published by the Texas Legislative Council.