Texas § FI.154.261 - WITHDRAWAL OF EARNINGS TO PAY CERTAIN EXPENSES
Full text of Texas The Texas Constitution § FI.154.261 — WITHDRAWAL OF EARNINGS TO PAY CERTAIN EXPENSES, with citation guidance and answers to common questions.
§ FI.154.261. WITHDRAWAL OF EARNINGS TO PAY CERTAIN EXPENSES
WITHDRAWAL OF EARNINGS TO PAY CERTAIN EXPENSES. (a) The seller of a trust-funded prepaid funeral benefits contract may withdraw money from earnings on an account described by Section 154.253 to pay: (1) reasonable and necessary trustee's fees or depository fees; (2) the examination fee for one examination by the department each calendar year; or (3) the expense of preparation of financial statements required by the department, including those financial statements required by the department instead of an examination. (b) With the department's prior approval, the seller may withdraw money from earnings on an account to pay: (1) any tax incurred because of the existence of the account; or (2) an assessment under Subchapter H. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § FI.154.261
What does The Texas Constitution § FI.154.261 cover?
Section FI.154.261 ("WITHDRAWAL OF EARNINGS TO PAY CERTAIN EXPENSES") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § FI.154.261?
A common citation format is "The Texas Constitution § FI.154.261" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § FI.154.261 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.