GroundRules
Tex. Business & Commerce Code § 23.10: ASSIGNMENT DISCHARGES DEBTOR.
Where this section sits in the code
- BUSINESS AND COMMERCE CODE
- TITLE 3. INSOLVENCY, FRAUDULENT TRANSFERS, AND FRAUD
- CHAPTER 23. ASSIGNMENTS FOR THE BENEFIT OF CREDITORS
- SUBCHAPTER B. THE ASSIGNMENT
If an assigning debtor makes an assignment, he is discharged from liability on the claim of a consenting creditor unless the consenting creditor does not receive at least one-third of the amount allowed on his claim against the assigned estate.
Acts 1967, 60th Leg., p. 2343, ch. 785, Sec. 1.
Collected 2026-08-27T01:46:56Z. Source file · JSON