Occupations Code › Title 3 › Chapter 702 › Subchapter H

Texas Occupations Code § 702.356

Withdrawal of Escrow Funds

Health Spas · Prepayments and Escrow

A certificate holder may withdraw prepayments deposited in an escrow account under Section 702.352 if:

(1) the health spa for which the prepayments are made remains open for not less than 30 days;

(2) the certificate holder files with the secretary of state an affidavit certifying that all obligations of the health spa for which a lien may be claimed under Chapter 53, Property Code, have been paid; and

(3) no person is eligible to claim a lien under Chapter 53, Property Code, during the period the certificate holder or an assignee or agent of the certificate holder accepts prepayments for memberships in the certificate holder's health spa.

Official text of the Texas Occupations Code as published by the Texas Legislative Council.

Official source
Legislative history

Acts 1999, 76th Leg., ch. 388, Sec. 1, eff. Sept. 1, 1999.

This section refers to

§ 702.352