Tex. Fin. Code § 154.263 · Subchapter F. TRUST-FUNDED PREPAID FUNERAL BENEFITS
WITHDRAWAL OF EARNINGS ATTRIBUTABLE TO CONTRACT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
On the maturity date of a trust-funded prepaid funeral benefits contract as provided by Section 154.262 and after the funeral provider has performed its obligations under the contract, or at the time of cancellation of the contract as provided by Section 154.155 or 154.254, the seller may withdraw from an account described by Section 154.253:
(1) the proportionate part of the earnings that the amount deposited under the contract bears to the total amount deposited from all unmatured contracts, less the amount of excess earnings that was withdrawn in accordance with prior law; or
(2) if the commissioner has determined that the records of the permit holder are adequate to allow this method to be exercised accurately, an amount equal to the actual earnings on individual matured contracts, less any properly allocated expenses permitted by this subchapter and less the amount of excess earnings that was withdrawn in accordance with prior law.
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 f6f0c45544d40277d5061a61db10d4d6be40f3b63ece424748edbf87863d43a4
- 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
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Finance Code
- Tex. Fin. Code § 154.155CANCELLATION OF CONTRACT.Printed as Section 154.155 or 154.254
- Tex. Fin. Code § 154.253DEPOSIT OF MONEY PAID OR COLLECTED.Printed as Section 154.253
- Tex. Fin. Code § 154.254AMOUNT PAYABLE ON CANCELLATION OF CONTRACT.Printed as Section 154.155 or 154.254
- Tex. Fin. Code § 154.262WITHDRAWAL OF MONEY ON DEATH OF BENEFICIARY.Printed as Section 154.262
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.