Untitled Texas Attorney General Opinion

The Attorney General of Texas MARK WHITE Attorney General my 8, 1981 Honorable Robert E. Stewart Opinion No. EN-336 Commissioner Department of Banking Re: Whether the Department of 2801 North Lamar Banking should approve the release Austin, Texas 78705 Of monies held in a tNSt account by the trust department of a bank that are in excess of 100% of the amounts paid by purchasers of prepaid ftmeral benefits to the seller under the provisions of article 5484 V.T.C.S. Dear Commissioner Stewart: You have asked our opinion whether the Department of Banking should approve the release of monies held…