BENEFICIARY OF SECURITY.

Tex. OCC Code § 702.154.
in effect
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The security filed or posted by a certificate holder under this subchapter must be payable to the state and held for the benefit of: (1) the state; and (2) each member of the certificate holder's health spa who has been administratively adjudicated to have suffered actual financial loss as a result of the closing of the certificate holder's health spa.
Source: TX Statutes (Official Site)URL: https://statutes.capitol.texas.gov/Fetched: 6/29/2026

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