Texas § 154.254 AMOUNT PAYABLE ON CANCELLATION OF CONTRACT.

Texas Statutes

§ 154.254 — AMOUNT PAYABLE ON CANCELLATION OF CONTRACT.

Texas § 154.254

Code FIFinance Code

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Bluebook

Tex. Finance Code Code Ann. § 154.254 (2026).

Text

Sec. 154.254. AMOUNT PAYABLE ON CANCELLATION OF CONTRACT. A purchaser of a trust-funded prepaid funeral benefits contract who cancels the contract during the first year of the contract when payments required under the contract are current is entitled to receive, regardless of the amount held in trust, the greater of:

(1)90 percent of the actual amount paid by the purchaser; or

(2)the amount deposited in trust with respect to the purchaser's contract.

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Sec. 154.254. AMOUNT PAYABLE ON CANCELLATION OF CONTRACT. A purchaser of a trust-funded prepaid funeral benefits contract who cancels the contract during the first year of the contract when payments required under the contract are current is entitled to receive, regardless of the amount held in trust, the greater of:
(1) 90 percent of the actual amount paid by the purchaser; or
(2) the amount deposited in trust with respect to the purchaser's contract.

Anderson-Clayton Bros. Funeral Home, Inc. Restland of Dallas, Inc. Restland Funeral Home Singing Hills Funeral Home, Inc. Laurel Land Funeral Home of Forth Worth, Inc. Blue Bonnet Hills Funeral Home, Inc. And Blue Bonnet Hills Memorial Park, Inc. v. Carole Keeton Strayhorn, Comptroller of Public Accounts of the State of Texas And Greg Abbott, Attorney General of the State of Texas

(Court of Appeals of Texas, 2004)

Opinion No.

(Texas Attorney General Reports, 2002)