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Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Finance Code § 154.255: STANDARD OF DUTY OF DEPOSITORY.

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Where this section sits in the code
  1. FINANCE CODE
  2. TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES
  3. SUBTITLE E. OTHER FINANCIAL BUSINESSES
  4. CHAPTER 154. PREPAID FUNERAL SERVICES
  5. SUBCHAPTER F. TRUST-FUNDED PREPAID FUNERAL BENEFITS

A depository described by Section 154.253(a)(1) shall be held to the standard of duty of a fiduciary in holding, investing, or disbursing the money.

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.

Amended by:

Acts 2007, 80th Leg., R.S., Ch. 720 (H.B. 2393), Sec. 1, eff. September 1, 2007.

Collected 2026-08-27T01:47:13Z. Source file · JSON

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