Tex. Bus. & Com. Code § 23.33

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 23.33 - Nonconsenting Creditor's Right to Surplus

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.

Tex. Bus. and Comm. Code § 23.33

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