Tex. Fin. Code § 154.257 · Subchapter F. TRUST-FUNDED PREPAID FUNERAL BENEFITS
INVESTMENT PLAN.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A permit holder or trustee, if the permit holder deposits the money with a financial institution as trustee, shall:
(1) adopt a written investment plan consistent with this section and Sections 154.256 and 154.258 that specifies the quality, maturity, and diversification of investments;
(2) at least annually, review the adequacy and implementation of the investment plan;
(3) maintain investment records covering each transaction; and
(4) maintain the investment plan in the principal offices of the permit holder and trustee.
(b) The permit holder shall provide the investment plan to the department with the filing of the permit holder's annual report.
Notes and commentary — not statutory text
History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 1999, 76th Leg., ch. 344, Sec. 2.025, eff. Sept. 1, 1999.
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 f571643bd04d7a033acbbd3ab6ebca0933d53fdc7852bab44b439e56f9ca669d
- 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
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