yourstate.us
Home / Texas / Finance Code
Tex. Finance Code § 154.160

AGENT; DEPOSIT OF MONEY

Texas · Texas Finance Code · Status: effective

Get this as JSONEmbed this
Cite this
Citation
Tex. Finance Code § 154.160, AGENT; DEPOSIT OF MONEY, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/646237
Permanent ID
ys:prov:646237@1
SHA-256
4a7442d020912ddfda70d9701adb41d6fb79e26862159466b4df73dae5f0030a

The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.

Full text

(a) A seller shall designate one or more agents by name or title. (b) The seller shall notify the department of: (1) the designation not later than the 10th day after the date the seller becomes subject to this chapter; and (2) any change in the designation not later than the 10th day after the date of the change. (c) An agent designated under this section is: (1) considered a fiduciary for purposes of Section 32.45, Penal Code; and (2) responsible for the deposit of money collected under prepaid funeral benefits contracts.