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    • Legislation USA
    • Texas Statutes
    • Finance Code
    • Title 3 - Financial Institutions and Businesses
    • Subtitle E - Other Financial Businesses
    • Chapter 154 - Prepaid Funeral Services
    • Subchapter F. Trust-Funded Prepaid Funeral Benefits
    • Section 154.255. Standard of Duty of Depository

    Texas Statutes
    Subchapter F. Trust-Funded Prepaid Funeral Benefits
    Section 154.255. Standard of Duty of Depository

    Sec. 154.255. STANDARD OF DUTY OF DEPOSITORY. 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.

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    Structure Texas Statutes

    Texas Statutes

    Finance Code

    Title 3 - Financial Institutions and Businesses

    Subtitle E - Other Financial Businesses

    Chapter 154 - Prepaid Funeral Services

    Subchapter F. Trust-Funded Prepaid Funeral Benefits

    Section 154.251. Applicability

    Section 154.252. Retention of Money for Expenses

    Section 154.253. Deposit of Money Paid or Collected

    Section 154.254. Amount Payable on Cancellation of Contract

    Section 154.255. Standard of Duty of Depository

    Section 154.256. Standard of Duty of Trustee

    Section 154.257. Investment Plan

    Section 154.258. Investment and Management of Trust Assets

    Section 154.260. Use of Money to Purchase, Lease, or Invest in Asset Owned by Seller or Funeral Provider

    Section 154.261. Withdrawal of Earnings to Pay Certain Expenses

    Section 154.262. Withdrawal of Money on Death of Beneficiary

    Section 154.263. Withdrawal of Earnings Attributable to Contract

    Section 154.264. Accounting Records

    Section 154.265. Default Under Certain Contracts

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