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Texas Business & Commerce Code

§ 23.17 — NOTICE OF ASSIGNEE'S APPOINTMENT

BC § 23.17Title 3. INSOLVENCY, FRAUDULENT TRANSFERS, AND FRAUD · Ch. 23. ASSIGNMENTS FOR THE BENEFIT OF CREDITORS · Art. C. DUTIES AND RIGHTS OF ASSIGNEE

Statute text

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(a)Within 30 days after an assignment is executed, the assignee shall publish notice of his appointment as assignee in a newspaper published in the county
(1)where the assigning debtor resides or where he operated his principal business before the assignment; or
(2)nearest the assigning debtor's residence or principal business if a newspaper is not published in the county of the assigning debtor's residence or principal business.
(b)The assignee shall publish notice of his appointment as assignee once each week for three consecutive weeks.
(c)The assignee shall notify by mail each of the assigning debtor's listed creditors of his appointment as assignee.

Legislative history

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

Source: Texas Business & Commerce Code § 23.17 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.