Texas Finance Code
§ 154.160 — AGENT; DEPOSIT OF MONEY
FI § 154.160Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part E. OTHER FINANCIAL BUSINESSES · Ch. 154. PREPAID FUNERAL SERVICES · Art. D. GENERAL PROVISIONS FOR SALES CONTRACTS
Statute text
View on source(a)A seller shall designate one or more agents by name or title.
(b)The seller shall notify the department of:
(1)the designation not later than the 10th day after the date the seller becomes subject to this chapter; and
(2)any change in the designation not later than the 10th day after the date of the change.
(c)An agent designated under this section is:
(1)considered a fiduciary for purposes of Section 32.45, Penal Code; and
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Legislative history
Acts 2009, 81st Leg., R.S., Ch. 1190 (H.B. 3762), Sec. 13, eff. September 1, 2009.