Texas Statutes (Last Updated: January 4, 2014) |
BUSINESS AND COMMERCE CODE |
Title 3. INSOLVENCY, FRAUDULENT TRANSFERS, AND FRAUD |
Chapter 23. ASSIGNMENTS FOR THE BENEFIT OF CREDITORS |
Subchapter C. DUTIES AND RIGHTS OF ASSIGNEE |
Sec. 23.17. NOTICE OF ASSIGNEE'S APPOINTMENT
Latest version.
-
(a) Within 30 days after an assignment is executed, the assignee shall publish notice of his appointment as assignee in a newspaper published in the county
(1) where the assigning debtor resides or where he operated his principal business before the assignment; or
(2) nearest the assigning debtor's residence or principal business if a newspaper is not published in the county of the assigning debtor's residence or principal business.
(b) The assignee shall publish notice of his appointment as assignee once each week for three consecutive weeks.
(c) The assignee shall notify by mail each of the assigning debtor's listed creditors of his appointment as assignee.
Acts 1967, 60th Leg., p. 2343, ch. 785, Sec. 1.