Texas Codes
Tex. Bus. & Com. Code § 23.10 (2026)
Assignment Discharges Debtor
✓ current as of May 2026
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Sec. 23.10. ASSIGNMENT DISCHARGES DEBTOR. If an assigning debtor makes an assignment, he is discharged from liability on the claim of a consenting creditor unless the consenting creditor does not receive at least one-third of the amount allowed on his claim against the assigned estate.
Acts 1967, 60th Leg., p. 2343, ch. 785, Sec. 1.
SUBCHAPTER C. DUTIES AND RIGHTS OF ASSIGNEE