PURPOSE
Applied in 1 court decision — leading case Texas Department of Banking v. Mount Olivet Cemetery Ass'n (2000)
Most recently applied in Texas Department of Banking v. Mount Olivet Cemetery Ass'n (August 2000)
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff
The purposes of this chapter are to:
(1) limit the manner in which a person may accept funds in prepayment of funeral services to be performed in the future;
(2) provide a regulatory framework to give the public an opportunity to arrange and pay for funerals in advance of need; and
(3) provide all safeguards to protect the prepaid funds and to assure that the funds will be available to pay for prearranged funeral services.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.