Texas § 154.305 DISCHARGE OF CONTRACTUAL OBLIGATIONS; INDEMNITY OF SELLER.

Texas Statutes

§ 154.305 — DISCHARGE OF CONTRACTUAL OBLIGATIONS; INDEMNITY OF SELLER.

Texas § 154.305

Code FIFinance Code

This text of Texas § 154.305 (DISCHARGE OF CONTRACTUAL OBLIGATIONS; INDEMNITY OF SELLER.) 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. § 154.305 (2026).

Text

Sec. 154.305. DISCHARGE OF CONTRACTUAL OBLIGATIONS; INDEMNITY OF SELLER.

(a)The delivery of abandoned money and reporting to the comptroller under Section 154.304 :

(1)relieves the seller of the obligations and liabilities under the prepaid funeral benefits contract;

(2)cancels the prepaid funeral benefits contract; and

(3)discharges the obligations and liabilities of and claims against the seller and funeral provider.

(b)A seller that delivers money to the comptroller under Section 154.304 shall be indemnified under Section 74.304 , Property Code, for any claim that may be made with respect to the property.

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Sec. 154.305. DISCHARGE OF CONTRACTUAL OBLIGATIONS; INDEMNITY OF SELLER. (a) The delivery of abandoned money and reporting to the comptroller under Section 154.304 :
(1) relieves the seller of the obligations and liabilities under the prepaid funeral benefits contract;
(2) cancels the prepaid funeral benefits contract; and
(3) discharges the obligations and liabilities of and claims against the seller and funeral provider.
(b) A seller that delivers money to the comptroller under Section 154.304 shall be indemnified under Section 74.304 , Property Code, for any claim that may be made with respect to the property.