Tex. Business & Commerce Code § 23.01
This is the official text of Tex. Business & Commerce Code § 23.01, part of Texas’s Business & Commerce Code — governs commercial transactions and general business practices.
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§ 23.01. DEFINITIONS.
Official statutory text
In this chapter, unless the context requires a different definition,
(1) "assigned estate" means all the real and personal estate of an assigning debtor passing to the consenting creditors under an assignment by virtue of Section 23.02 or 23.09(b) of this code;
(2) "assignee" means an assignee for the benefit of creditors;
(3) "assigning debtor" means a person executing an assignment;
(4) "assignment" means a general assignment for the benefit of creditors made under this chapter;
(5) "consenting creditor" means a creditor who has consented to an assignment in one of the ways provided by Section 23.30 of this code; and
(6) "real and personal estate" does not include property exempt by law from execution.
(1) "assigned estate" means all the real and personal estate of an assigning debtor passing to the consenting creditors under an assignment by virtue of Section 23.02 or 23.09(b) of this code;
(2) "assignee" means an assignee for the benefit of creditors;
(3) "assigning debtor" means a person executing an assignment;
(4) "assignment" means a general assignment for the benefit of creditors made under this chapter;
(5) "consenting creditor" means a creditor who has consented to an assignment in one of the ways provided by Section 23.30 of this code; and
(6) "real and personal estate" does not include property exempt by law from execution.
Status: in_force · Read it on the official government site
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