Tex. Finance Code § 154.355
This is the official text of Tex. Finance Code § 154.355, part of Texas’s Finance Code — regulates banks and other financial institutions.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
§ 154.355. ADVISORY COUNCIL.
Official statutory text
(a) An advisory council composed of the following individuals shall supervise the operation and maintenance of the fund:
(1) the commissioner or the commissioner's representative;
(2) two representatives of the prepaid funeral industry appointed by the commission, one of whom represents trust-funded prepaid funeral benefits contract sellers and one of whom represents insurance-funded prepaid funeral benefits contract sellers; and
(3) one consumer representative appointed by the commission.
(b) The prepaid funeral industry and consumer representatives serve two-year terms and may not serve more than four terms.
(c) The commissioner shall render a final decision if there is a tie vote by members of the advisory council.
(d) Notwithstanding Chapter 551, Government Code, or any other law, the advisory council may hold an open or closed meeting by telephone conference call, videoconference, or other similar telecommunication method if:
(1) notice is given for the meeting as for other meetings;
(2) the notice specifies a location for the meeting at which the public may attend;
(3) each part of the meeting that is required to be open to the public is audible to the public at the location specified in the notice of the meeting; and
(4) the meeting is recorded by electronic or other means and the recording of each portion of the meeting that is required to be open to the public is made available to the public.
(1) the commissioner or the commissioner's representative;
(2) two representatives of the prepaid funeral industry appointed by the commission, one of whom represents trust-funded prepaid funeral benefits contract sellers and one of whom represents insurance-funded prepaid funeral benefits contract sellers; and
(3) one consumer representative appointed by the commission.
(b) The prepaid funeral industry and consumer representatives serve two-year terms and may not serve more than four terms.
(c) The commissioner shall render a final decision if there is a tie vote by members of the advisory council.
(d) Notwithstanding Chapter 551, Government Code, or any other law, the advisory council may hold an open or closed meeting by telephone conference call, videoconference, or other similar telecommunication method if:
(1) notice is given for the meeting as for other meetings;
(2) the notice specifies a location for the meeting at which the public may attend;
(3) each part of the meeting that is required to be open to the public is audible to the public at the location specified in the notice of the meeting; and
(4) the meeting is recorded by electronic or other means and the recording of each portion of the meeting that is required to be open to the public is made available to the public.
Status: in_force · Read it on the official government site
Need a lawyer in Texas?
Find a Texas lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.