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TX HB1744
Bill
Status
1/6/2025
Primary Sponsor
Mitch Little
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AI Summary
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Amends Section 33.002 of the Civil Practice and Remedies Code to add a new exemption from proportionate responsibility rules
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Excludes claims for "controlling person or aider liability" under Section 4008.055 of the Texas Government Code from Chapter 33's proportionate responsibility framework
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Controlling persons and material aiders under the Texas Securities Act would face full personal liability rather than having damages allocated among multiple defendants
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Effective date: September 1, 2025
Legislative Description
Relating to the personal liability of control persons and material aiders under the Texas Securities Act; excluding claims from proportionate responsibility under Chapter 33 of the Texas Civil Practice and Remedies Code.
Financial
Last Action
Referred to Pensions, Investments & Financial Services
3/14/2025