{"data":{"id":"us-tx/tex.-finance-code-154.160","jurisdiction":"us-tx","citation":"Tex. Finance Code § 154.160","heading":"AGENT; DEPOSIT OF MONEY.","body":"(a) A seller shall designate one or more agents by name or title.\n(b) The seller shall notify the department of:\n(1) the designation not later than the 10th day after the date the seller becomes subject to this chapter; and\n(2) any change in the designation not later than the 10th day after the date of the change.\n(c) An agent designated under this section is:\n(1) considered a fiduciary for purposes of Section 32.45, Penal Code; and\n(2) responsible for the deposit of money collected under prepaid funeral benefits contracts.\nActs 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.\nAmended by:\nActs 2009, 81st Leg., R.S., Ch. 1190 (H.B. 3762), Sec. 13, eff. September 1, 2009.","path":["FINANCE CODE","TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES","SUBTITLE E. OTHER FINANCIAL BUSINESSES","CHAPTER 154. PREPAID FUNERAL SERVICES","SUBCHAPTER D. GENERAL PROVISIONS FOR SALES CONTRACTS"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.154.htm#154.160","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"c6ce3589b49d40bcfafb3b3350e3927f3ee5bafef232b8a956859634b8d5a65f","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-154.159","next":"us-tx/tex.-finance-code-154.161"},"notice":"GroundRules: Original legal text. Not legal advice."}