Tex. Fin. Code § 154.262 · Subchapter F. TRUST-FUNDED PREPAID FUNERAL BENEFITS
WITHDRAWAL OF MONEY ON DEATH OF BENEFICIARY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The seller of a trust-funded prepaid funeral benefits contract may withdraw an amount equal to the original contract amount paid by the purchaser and the earnings attributable to the contract, less the amount retained under Section 154.252, after:
(1) the beneficiary named in the contract dies;
(2) the funeral service is completed;
(3) the funeral provider has completed the provider's obligations under Section 154.161(a) with respect to the contract; and
(4) the depository is presented with:
(A) appropriate affidavits by an officer or agent of the seller on forms prescribed by the department, attesting to matters required by Subdivisions (2) and (3); and
(B) a certified copy of the death certificate.
(b) The seller shall maintain copies of the affidavits and death certificate for examination by the department.
Notes and commentary — not statutory text
History
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. 22, eff. September 1, 2009.
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 b59bffc1d520f1e0ac9dbd431d3054aeb51bb586ce92bb3a8d1eabb7267a5ed5
- 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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