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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) A creditor must inform the assignee in writing of his consent to the assignment within four months after the assignee gives the notice required by Section 23.17 of this code.
(b) If a creditor is not given actual notice of an assignment, but subsequently learns of the assignment, he may consent to the assignment at any time before the first distribution of the assigned estate is begun.
(c) Receipt by a creditor of payment for part of his claim from the assignee is conclusive evidence of the creditor's consent to the assignment.
(d) If a creditor does not consent to an assignment, he is not entitled to receive any of the assigned estate under the assignment.
Cite this article: FindLaw.com - Texas Business and Commerce Code - BUS & COM § 23.30. Creditor's Consent to Assignment - last updated January 01, 2024 | https://codes.findlaw.com/tx/business-and-commerce-code/bus-com-sect-23-30/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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