Texas § BC.23.02 - NATURE AND EFFECT OF ASSIGNMENT
Full text of Texas The Texas Constitution § BC.23.02 — NATURE AND EFFECT OF ASSIGNMENT, with citation guidance and answers to common questions.
§ BC.23.02. NATURE AND EFFECT OF ASSIGNMENT
NATURE AND EFFECT OF ASSIGNMENT. (a) A debtor may assign his real and personal estate under this chapter to an assignee for the benefit of the debtor's creditors. (b) An assigning debtor shall provide in the assignment for distribution of all his real and personal estate to each consenting creditor in proportion to each consenting creditor's claim. (c) Regardless of an expression to the contrary, an assignment passes all an assigning debtor's real and personal estate to each consenting creditor in proportion to each consenting creditor's claim. Acts 1967, 60th Leg., p. 2343, ch. 785, Sec. 1. SUBCHAPTER B. THE ASSIGNMENT
Frequently Asked Questions About Texas § BC.23.02
What does The Texas Constitution § BC.23.02 cover?
Section BC.23.02 ("NATURE AND EFFECT OF ASSIGNMENT") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § BC.23.02?
A common citation format is "The Texas Constitution § BC.23.02" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § BC.23.02 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.