Tex. Bus. & Com. Code § 23.10

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 23.10 - Assignment Discharges Debtor

If an assigning debtor makes an assignment, he is discharged from liability on the claim of a consenting creditor unless the consenting creditor does not receive at least one-third of the amount allowed on his claim against the assigned estate.

Tex. Bus. and Comm. Code § 23.10

Acts 1967, 60th Leg., p. 2343, ch. 785, Sec. 1.