Texas § FI.154.253 - DEPOSIT OF MONEY PAID OR COLLECTED
Full text of Texas The Texas Constitution § FI.154.253 — DEPOSIT OF MONEY PAID OR COLLECTED, with citation guidance and answers to common questions.
§ FI.154.253. DEPOSIT OF MONEY PAID OR COLLECTED
DEPOSIT OF MONEY PAID OR COLLECTED. (a) Not later than the 30th day after the date of collection, the money, other than money retained as provided by Section 154.252 , shall be deposited: (1) in a financial institution that has its main office or a branch in this state in an interest-bearing restricted account insured by the federal government; or (2) in trust with a financial institution that has its main office or a branch located in this state and is authorized to act as a fiduciary in this state, to be invested by the financial institution as trustee in accordance with this subchapter. (b) An account described by Subsection (a), including a trust account, shall be carried in the name of the funeral provider or other entity to whom the purchaser makes payment and must include the words "prepaid funeral benefits" or "pre-need funeral benefits." Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 1999, 76th Leg., ch. 344, Sec. 2.024, eff. Sept. 1, 1999. Amended by: Acts 2013, 83rd Leg., R.S., Ch. 39 (S.B. 297 ), Sec. 4, eff. September 1, 2013.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § FI.154.253
What does The Texas Constitution § FI.154.253 cover?
Section FI.154.253 ("DEPOSIT OF MONEY PAID OR COLLECTED") 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.154.253?
A common citation format is "The Texas Constitution § FI.154.253" (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.154.253 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.