Go to Previous Versions
of
this Section
2025 Texas Statutes
Finance Code
Title 3 - Financial Institutions and Businesses
Subtitle E - Other Financial Businesses
Chapter 154 - Prepaid Funeral Services
Subchapter D. General Provisions for Sales Contracts
Section 154.160. Agent; Deposit of Money
Universal Citation:
TX Fin Code § 154.160 (2025)
Learn more
This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
Sec. 154.160. AGENT; DEPOSIT OF MONEY. (a) A seller shall designate one or more agents by name or title.
(b) The seller shall notify the department of:
(1) the designation not later than the 10th day after the date the seller becomes subject to this chapter; and
(2) any change in the designation not later than the 10th day after the date of the change.
(c) An agent designated under this section is:
(1) considered a fiduciary for purposes of Section 32.45, Penal Code; and
(2) responsible for the deposit of money collected under prepaid funeral benefits contracts.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Amended by:
Acts 2009, 81st Leg., R.S., Ch. 1190 (H.B. 3762), Sec. 13, eff. September 1, 2009.
Disclaimer: These codes may not be the most recent version. Texas may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
