Tex. Fin. Code § 154.254 · Subchapter F. TRUST-FUNDED PREPAID FUNERAL BENEFITS
AMOUNT PAYABLE ON CANCELLATION OF CONTRACT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
A purchaser of a trust-funded prepaid funeral benefits contract who cancels the contract during the first year of the contract when payments required under the contract are current is entitled to receive, regardless of the amount held in trust, the greater of:
(1) 90 percent of the actual amount paid by the purchaser; or
(2) the amount deposited in trust with respect to the purchaser's contract.
Notes and commentary — not statutory text
History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.154.htm
- Text hash
- sha256 522b431c6f2f38648f0f512517940874ed0c8ff2f0dc3180223884814eca85ad
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Cited by 2 provisions
Provisions in this library whose text cites Tex. Fin. Code § 154.254. Each shows the citation as that text prints it.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.