Tex. Fin. Code § 154.261 · Subchapter F. TRUST-FUNDED PREPAID FUNERAL BENEFITS
WITHDRAWAL OF EARNINGS TO PAY CERTAIN EXPENSES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The seller of a trust-funded prepaid funeral benefits contract may withdraw money from earnings on an account described by Section 154.253 to pay:
(1) reasonable and necessary trustee's fees or depository fees;
(2) the examination fee for one examination by the department each calendar year; or
(3) the expense of preparation of financial statements required by the department, including those financial statements required by the department instead of an examination.
(b) With the department's prior approval, the seller may withdraw money from earnings on an account to pay:
(1) any tax incurred because of the existence of the account; or
(2) an assessment under Subchapter H.
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 8d94d1cff2fff325afb49db4e417662897b4755adf67ad48277e7e7810124935
- 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
This section cites
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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.