Texas Business & Commerce Code
§ 23.23 — ASSIGNEE'S FINAL REPORT AND DISCHARGE
BC § 23.23Title 3. INSOLVENCY, FRAUDULENT TRANSFERS, AND FRAUD · Ch. 23. ASSIGNMENTS FOR THE BENEFIT OF CREDITORS · Art. C. DUTIES AND RIGHTS OF ASSIGNEE
Statute text
View on source(a)An assignee wishing to be discharged from his appointment shall prepare and file for record with the county clerk of the county in which his assignment is recorded a sworn report describing
(1)all property which came into his possession under the assignment; and
(2)how and to whom he distributed the property.
(b)The assignee shall also deposit in the registry of the court who approved his bond money belonging to the assigned estate still in his possession at the time he files his report under Subsection (a) of this section. The court shall distribute the money under this chapter to the consenting creditors and assignee and, in the case of surplus, to the nonconsenting creditors and assigning debtor.
Legislative history
Acts 1967, 60th Leg., p. 2343, ch. 785, Sec. 1.