Texas Business and Commerce Code 23.30 – Creditor’s Consent to Assignment
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(a) A creditor must inform the assignee in writing of his consent to the assignment within four months after the assignee gives the notice required by Section 23.17 of this code.
(b) If a creditor is not given actual notice of an assignment, but subsequently learns of the assignment, he may consent to the assignment at any time before the first distribution of the assigned estate is begun.
Terms Used In Texas Business and Commerce Code 23.30
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- in writing: includes any representation of words, letters, or figures, whether by writing, printing, or other means. See Texas Government Code 312.011
(c) Receipt by a creditor of payment for part of his claim from the assignee is conclusive evidence of the creditor’s consent to the assignment.
(d) If a creditor does not consent to an assignment, he is not entitled to receive any of the assigned estate under the assignment.