Tex. Bus. & Com. Code § 23.33 · Subchapter D. DUTIES AND RIGHTS OF CREDITORS
NONCONSENTING CREDITOR'S RIGHT TO SURPLUS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
If a creditor does not consent to an assignment, he may garnishee the assignee for the excess of the assigned estate remaining in the assignee's possession after the assignee has paid
(1) each consenting creditor the amount of his claim allowed under Section 23.31(b) of this code; and
(2) the expense of carrying out 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 2281e1a6155a2c0ae8c519475f4a4f0857e3d0839cf61e3da448e600d52dc0ec
- 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
This section cites
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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.