Tex. Codes » Finance Code · TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES · SUBTITLE E. OTHER FINANCIAL BUSINESSES · CHAPTER 154. PREPAID FUNERAL SERVICES
Texas Codes

Tex. Fin. Code § 154.405 (2026)

Criminal Penalty For Agent's Failure To Deposit Certain Money

✓ current as of May 2026
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Sec. 154.405. CRIMINAL PENALTY FOR AGENT'S FAILURE TO DEPOSIT CERTAIN MONEY. (a) A designated agent of a seller commits an offense if the agent fails to deposit money collected under a prepaid funeral benefits contract before the 31st day after the date it is received by the agent.

(b) It is an exception to the application of this section that the failure to make a deposit is inadvertent and is corrected before the 11th day after the date the seller discovers the failure.

(c) An offense under this section is punishable as if it were an offense under Section 32.45, Penal Code.

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.

Notes of Decisions
Cited in 1 case, 2017–2017 · leading case: Baumgart v. State, 512 S.W.3d 335 (Tex. Crim. App. 2017).
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Baumgart v. State, 512 S.W.3d 335 (Tex. Crim. App. 2017). “”); Tex. Fin. Code § 154.405(b) ("It is an exception to the application of this section that the failure to make a deposit is inadvertent and is corrected before the 11th day after the date the seller discovers the failure.”
Tex. Fin. Code § 154.405(b): 1 case
Baumgart v. State, 512 S.W.3d 335 (Tex. Crim. App. 2017). “”); Tex. Fin. Code § 154.405(b) ("It is an exception to the application of this section that the failure to make a deposit is inadvertent and is corrected before the 11th day after the date the seller discovers the failure.”
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