Tex. Bus. & Com. Code § 23.18

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

Section 23.18 - Replacement of Assignee

(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.

Tex. Bus. and Comm. Code § 23.18

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