Tex. Finance Code § 154.404
This is the official text of Tex. Finance Code § 154.404, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 154.404. CRIMINAL PENALTY FOR FAILURE TO DELIVER MONEY TO DESIGNATED AGENT.
Official statutory text
(a) A seller or a person acting on behalf of a seller commits an offense if the seller or person:
(1) collects money under a prepaid funeral benefits contract; and
(2) fails to deliver the money to a designated agent of the seller before the 31st day after the date it is collected.
(b) An offense under this section is punishable as if it were an offense under Section 32.45, Penal Code.
(1) collects money under a prepaid funeral benefits contract; and
(2) fails to deliver the money to a designated agent of the seller before the 31st day after the date it is collected.
(b) An offense under this section is punishable as if it were an offense under Section 32.45, Penal Code.
Status: in_force · Read it on the official government site
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