Unless otherwise provided in a continuing care contract, interest that accrues on funds held in an entrance fee escrow account is the property of the provider.
Tex. Health & Safety Code § 246.076
INTEREST ACCRUED ON ENTRANCE FEE FUNDS
Known as the Texas Continuing Care Facility Disclosure and Rehabilitation Act
The act spans §§ 246.001 to 246.117 (61 sections).
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.