GroundRules
Tex. Business & Commerce Code § 23.19: ASSIGNEE'S DUTY TO DISTRIBUTE ASSIGNED ESTATE.
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 C. DUTIES AND RIGHTS OF ASSIGNEE
Each time an assignee has enough money to pay 10 percent of the assigning debtor's debts, he shall distribute the money among the creditors entitled to receive it in proportion to their claims allowed under Section 23.31(b) of this code.
Acts 1967, 60th Leg., p. 2343, ch. 785, Sec. 1.
Collected 2026-08-27T01:46:56Z. Source file · JSON