Tex. Business & Commerce Code § 23.18
This is the official text of Tex. Business & Commerce Code § 23.18, part of Texas’s Business & Commerce Code — governs commercial transactions and general business practices.
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§ 23.18. REPLACEMENT OF ASSIGNEE.
Official statutory text
(a) A county or district court of the county in which the assignee resides shall remove or replace the assignee on application of the assigning debtor or a creditor, or on its own motion,
(1) if the court is satisfied that the assignee has not executed and filed the bond required by Sections 23.16(c) and (d) of this code;
(2) if the assignee refuses or fails to serve for any reason; or
(3) for good cause.
(b) On removal, resignation, or death of the assignee, the court shall appoint in writing a new assignee in term time or vacation.
(c) As soon as the new assignee executes and files a bond as required by Sections 23.16(c) and (d) of this code, he shall take possession of the assigned estate and carry out the assignment.
(1) if the court is satisfied that the assignee has not executed and filed the bond required by Sections 23.16(c) and (d) of this code;
(2) if the assignee refuses or fails to serve for any reason; or
(3) for good cause.
(b) On removal, resignation, or death of the assignee, the court shall appoint in writing a new assignee in term time or vacation.
(c) As soon as the new assignee executes and files a bond as required by Sections 23.16(c) and (d) of this code, he shall take possession of the assigned estate and carry out the assignment.
Status: in_force · Read it on the official government site
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