Tex. Bus. & Com. Code § 23.08 · Subchapter B. THE ASSIGNMENT
FORM AND CONTENT OF ASSIGNMENT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) For an assignment to be valid,
(1) the assigning debtor must make the assignment in writing; and
(2) it must be proved or acknowledged and recorded in the manner provided by law for the conveyance of real estate.
(b) The assigning debtor shall attach to his assignment an inventory containing the following information:
(1) a list naming each creditor of the assigning debtor;
(2) the resident address, if known, of each creditor;
(3) the amount owed each creditor and the type of debt;
(4) the consideration for the debt and the place where the debt arose;
(5) a description of each existing judgment or security for the payment of the debt;
(6) a schedule of all the assigning debtor's real and personal estate at the date of the assignment;
(7) a description of
(A) each encumbrance on the real and personal estate; and
(B) each voucher and security relating to the estate; and
(8) the value of the estate.
(c) The assigning debtor shall sign the inventory required by Subsection (b) of this section and swear that it is just and true.
Notes and commentary — not statutory text
History
Acts 1967, 60th Leg., p. 2343, ch. 785, Sec. 1.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/BC/htm/BC.23.htm
- Text hash
- sha256 be3f30e7829737c79a74bd675ea40632172d3ae25cd2e59b9fa8c6c272b0be0b
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.