Sec. 12.014. TRANSFER OF JUDGMENT OR CAUSE OF ACTION. (a) A judgment or part of a judgment of a court of record or an interest in a cause of action on which suit has been filed may be sold, regardless of whether the judgment or cause of action is assignable in law or equity, if the transfer is in writing.
(b) A transfer under this section may be filed with the papers of the suit if the transfer is acknowledged or sworn to in the form and manner required by law for acknowledgement or swearing of deeds.
(c) If a transfer of a judgment is filed, the clerk shall record the transfer appropriately. If a transfer of a cause of action in which a judgment has not been rendered is filed, the clerk shall note and briefly state the substance of the transfer on the court docket at the place where the suit is entered.
(d) A transfer filed under this section is notice to and is binding on a person subsequently dealing with the judgment or cause of action.
Acts 1983, 68th Leg., p. 3494, ch. 576, Sec. 1, eff. Jan. 1, 1984. Amended by Acts 1989, 71st Leg., ch. 162, Sec. 3, eff. Sept. 1, 1989.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 628 (H.B. 587), Sec. 4, eff. September 1, 2007.
Structure Texas Statutes
Chapter 12 - Recording of Instruments
Section 12.001. Instruments Concerning Property
Section 12.0012. Instruments Concerning Real Property Subject to a Foreclosure Sale
Section 12.0013. Recordation of Paper or Tangible Copy of Electronic Record
Section 12.002. Subdivision Plat; Penalty
Section 12.003. Instrument in General Land Office or Archives
Section 12.006. Grant From Government
Section 12.0071. Motion to Expunge Lis Pendens
Section 12.008. Cancellation of Lis Pendens
Section 12.009. Mortgage or Deed of Trust Master Form
Section 12.011. Certificate of Redemption
Section 12.014. Transfer of Judgment or Cause of Action
Section 12.015. Judgment in Justice Court
Section 12.016. Power of Attorney
Section 12.017. Title Insurance Company Affidavit as Release of Lien; Civil Penalty
Section 12.018. Transfer by Receiver or Conservator of Failed Depository Institution