Texas Finance Code
§ 154.412 — SEIZURE OF PREPAID FUNERAL ACCOUNTS AND RECORDS
FI § 154.412Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part E. OTHER FINANCIAL BUSINESSES · Ch. 154. PREPAID FUNERAL SERVICES · Art. I. CRIMINAL PENALTIES AND CIVIL REMEDIES
Statute text
View on source(a)The commissioner may issue an order to seize accounts in which prepaid funeral funds, including earnings, may be held and may issue an order to seize the records that relate to the sale of prepaid funeral benefits if the commissioner finds, by examination or other credible evidence, that the person:
(1)failed to deposit or remit money in accordance with Subchapter E or F;
(2)misappropriated, converted, or illegally withheld or failed or refused to pay on demand money entrusted to the person that belongs to the beneficiary under a prepaid funeral benefits contract;
(3)refused to submit to examination by the department;
(4)was the subject of an order to cancel, suspend, or refuse to renew a permit; or
(5)does not hold a permit or transferred the ownership of its business to another person who does not hold a permit.
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Legislative history
Acts 2009, 81st Leg., R.S., Ch. 1190 (H.B. 3762), Sec. 32, eff. September 1, 2009. Acts 2009, 81st Leg., R.S., Ch. 1190 (H.B. 3762), Sec. 33, eff. September 1, 2009. Acts 2013, 83rd Leg., R.S., Ch. 39 (S.B. 297), Sec. 11, eff. September 1, 2013.