{"data":{"id":"us-tx/tex.-business-commerce-code-23.20","jurisdiction":"us-tx","citation":"Tex. Business \u0026 Commerce Code § 23.20","heading":"DISCOUNT OF CLAIM NOT DUE AND ALLOWANCE OF SECURED CLAIM.","body":"(a) The assignee may allow a claim which is not due at its present value by discounting it at the legal rate.\n(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.\nActs 1967, 60th Leg., p. 2343, ch. 785, Sec. 1.","path":["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"],"source_url":"https://statutes.capitol.texas.gov/Docs/BC/htm/BC.23.htm#23.20","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:56Z","sha256":"73b4e3ace68affeaaf6a453cd276dc22a69786990c225074861955dcacd202c9","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-commerce-code-23.19","next":"us-tx/tex.-business-commerce-code-23.21"},"notice":"GroundRules: Original legal text. Not legal advice."}