Texas Finance Code 154.001 – Purpose
Current as of: 2024 | Check for updates
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Terms Used In Texas Finance Code 154.001
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
The purposes of this chapter are to:
(1) limit the manner in which a person may accept funds in prepayment of funeral services to be performed in the future;
(2) provide a regulatory framework to give the public an opportunity to arrange and pay for funerals in advance of need; and
(3) provide all safeguards to protect the prepaid funds and to assure that the funds will be available to pay for prearranged funeral services.