Texas Business & Commerce Code

§ 23.08 — FORM AND CONTENT OF ASSIGNMENT

BC § 23.08Title 3. INSOLVENCY, FRAUDULENT TRANSFERS, AND FRAUD · Ch. 23. ASSIGNMENTS FOR THE BENEFIT OF CREDITORS · Art. B. THE ASSIGNMENT

(a)For an assignment to be valid,

(1)the assigning debtor must make the assignment in writing; and

(2)it must be proved or acknowledged and recorded in the manner provided by law for the conveyance of real estate.

(b)The assigning debtor shall attach to his assignment an inventory containing the following information:

(1)a list naming each creditor of the assigning debtor;

(2)the resident address, if known, of each creditor;

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Legislative history

Acts 1967, 60th Leg., p. 2343, ch. 785, Sec. 1.