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Texas Business Organizations Code

§ 22.408 — ASSIGNMENT OF BENEFITS

BO § 22.408Title 2. CORPORATIONS · Ch. 22. NONPROFIT CORPORATIONS · Art. I. CHURCH BENEFITS BOARDS

Statute text

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An assignment or transfer or an attempt to make an assignment or transfer by a beneficiary of money, benefits, or other rights under a plan or program under this subchapter is void if:
(1)the plan or program contains a provision prohibiting the assignment or other transfer without the written consent of the church benefits board; and
(2)the beneficiary assigns or transfers or attempts to make an assignment or transfer without that consent.

Legislative history

Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.

Source: Texas Business Organizations Code § 22.408 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.