Texas § 23.18 REPLACEMENT OF ASSIGNEE.

Texas Statutes

§ 23.18 — REPLACEMENT OF ASSIGNEE.

Texas § 23.18

Code BCBusiness & Commerce Code

This text of Texas § 23.18 (REPLACEMENT OF ASSIGNEE.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Business & Commerce Code Code Ann. § 23.18 (2026).

Text

Sec. 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.

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Sec. 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.