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Texas Business Organizations Code - BUS ORG § 22.408. Assignment of Benefits

Current as of January 01, 2024 | Updated by Findlaw Staff

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.

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Cite this article: FindLaw.com - Texas Business Organizations Code - BUS ORG § 22.408. Assignment of Benefits - last updated January 01, 2024 | https://codes.findlaw.com/tx/business-organizations-code/bus-org-sect-22-408/

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