Sec. 702.354. DUTY OF FINANCIAL INSTITUTION. A financial institution in which an escrow account is established under Section 702.352 shall hold each prepayment in the account as escrow agent for the benefit of the member who made the prepayments.
Acts 1999, 76th Leg., ch. 388, Sec. 1, eff. Sept. 1, 1999.
Structure Texas Statutes
Subtitle M - Regulation of Other Health Professions
Subchapter H. Prepayments and Escrow
Section 702.351. Membership Prepayment
Section 702.352. Escrow Deposit Required
Section 702.353. Exemption From Escrow Requirement
Section 702.354. Duty of Financial Institution