Tex. Bus. & Com. Code § 23.30 · Subchapter D. DUTIES AND RIGHTS OF CREDITORS
CREDITOR'S CONSENT TO ASSIGNMENT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A creditor must inform the assignee in writing of his consent to the assignment within four months after the assignee gives the notice required by Section 23.17 of this code.
(b) If a creditor is not given actual notice of an assignment, but subsequently learns of the assignment, he may consent to the assignment at any time before the first distribution of the assigned estate is begun.
(c) Receipt by a creditor of payment for part of his claim from the assignee is conclusive evidence of the creditor's consent to the assignment.
(d) If a creditor does not consent to an assignment, he is not entitled to receive any of the assigned estate under the assignment.
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 8bc60f92fd69ff453fe1305325833a674c8235b5c18fca89a6e4b4c385530442
- 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
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