Texas Statutes
§ 154.261 — WITHDRAWAL OF EARNINGS TO PAY CERTAIN EXPENSES.
Texas § 154.261
JurisdictionTexas
Code FIFinance Code
This text of Texas § 154.261 (WITHDRAWAL OF EARNINGS TO PAY CERTAIN EXPENSES.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Finance Code Code Ann. § 154.261 (2026).
Text
Sec. 154.261. 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.
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Legislative History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Nearby Sections
15
§ 154.001
PURPOSE.§ 154.002
DEFINITIONS.§ 154.003
EFFECT ON INSURANCE LAWS.§ 154.004
GROUP INSURANCE CONTRACTS.§ 154.051
ADMINISTRATION OF CHAPTER; FEES.§ 154.052
ANNUAL REPORT.§ 154.053
RECORDS; EXAMINATION.§ 154.054
EXAMINATION FEE.§ 154.056
PAYMENT OF RESTITUTION MONEY.§ 154.101
PERMIT REQUIREMENT.§ 154.102
PERMIT APPLICATION; FEE.§ 154.103
ISSUANCE OF PERMIT.§ 154.104
TERM OF PERMIT.§ 154.105
PROHIBITION ON TRANSFER OF PERMIT.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 154.261, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/FI/154.261.