Tex. Finance Code § 154.305
DISCHARGE OF CONTRACTUAL OBLIGATIONS; INDEMNITY OF SELLER
Texas · Texas Finance Code · Status: effective
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- Citation
- Tex. Finance Code § 154.305, DISCHARGE OF CONTRACTUAL OBLIGATIONS; INDEMNITY OF SELLER, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/646269
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Full text
(a) The delivery of abandoned money and reporting to the comptroller under Section 154.304:
(1) relieves the seller of the obligations and liabilities under the prepaid funeral benefits contract;
(2) cancels the prepaid funeral benefits contract; and
(3) discharges the obligations and liabilities of and claims against the seller and funeral provider.
(b) A seller that delivers money to the comptroller under Section 154.304 shall be indemnified under Section 74.304, Property Code, for any claim that may be made with respect to the property.