Tex. Business & Commerce Code § 23.33
This is the official text of Tex. Business & Commerce Code § 23.33, part of Texas’s Business & Commerce Code — governs commercial transactions and general business practices.
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§ 23.33. NONCONSENTING CREDITOR'S RIGHT TO SURPLUS.
Official statutory text
If a creditor does not consent to an assignment, he may garnishee the assignee for the excess of the assigned estate remaining in the assignee's possession after the assignee has paid
(1) each consenting creditor the amount of his claim allowed under Section 23.31(b) of this code; and
(2) the expense of carrying out the assignment.
(1) each consenting creditor the amount of his claim allowed under Section 23.31(b) of this code; and
(2) the expense of carrying out the assignment.
Status: in_force · Read it on the official government site
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