Tex. Bus. & Com. Code § 23.20 · Subchapter C. DUTIES AND RIGHTS OF ASSIGNEE
DISCOUNT OF CLAIM NOT DUE AND ALLOWANCE OF SECURED CLAIM.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The assignee may allow a claim which is not due at its present value by discounting it at the legal rate.
(b) If a creditor holds collateral to secure his claim worth less than his claim, the assignee may estimate the value of the collateral and allow the creditor as a claim against the assigned estate only the difference between the value of the collateral and the amount of the claim.
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 2ffe74d087f7f0835c0dd8a0026f490665a0ab8be667ff6a3fb51b959bbecbf8
- 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.