Tex. Ins. Code § 887.356 · Subchapter H. MORTUARY AND EXPENSE FUNDS
DIVISION OF FUNDS: ASSESSMENT-AS-NEEDED ASSOCIATIONS.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) An association operating on an assessment-as-needed basis shall divide collected assessments into at least:
(1) a mortuary fund; and
(2) an expense fund.
(b) An association under this section shall deposit into a mortuary fund an amount equal to at least 60 percent of the association's assessments, not including membership fees.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.887.htm
- Text hash
- sha256 f04f8cda2531baecdb433e79696084c207d8d060e58bfeabac8d63602e9583a9
- 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
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.