Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 1355.153 - Deposit of Money in Trust(a) On receipt of money under this subchapter, an eleemosynary institution shall deposit all of the money received to the resident's trust account.(b) Money deposited in a trust account may be used only:(1) by or for the personal use of the owner of the trust account, under the rules or custom of the institution in the expenditure of money by a resident; or(2) by the responsible officer of the institution, for the resident's use and benefit.Added by Acts 2011, 82nd Leg., R.S., Ch. 823, Sec. 1.02, eff. 1/1/2014.