Sec. 23.19. ASSIGNEE'S DUTY TO DISTRIBUTE ASSIGNED ESTATE. Each time an assignee has enough money to pay 10 percent of the assigning debtor's debts, he shall distribute the money among the creditors entitled to receive it in proportion to their claims allowed under Section 23.31(b) of this code.
Acts 1967, 60th Leg., p. 2343, ch. 785, Sec. 1.
Structure Texas Statutes
Title 3 - Insolvency, Fraudulent Transfers, and Fraud
Chapter 23 - Assignments for the Benefit of Creditors
Subchapter C. Duties and Rights of Assignee
Section 23.16. Assignee's Qualifications, Duty to Record Assignment, and Bond
Section 23.17. Notice of Assignee's Appointment
Section 23.18. Replacement of Assignee
Section 23.19. Assignee's Duty to Distribute Assigned Estate
Section 23.20. Discount of Claim Not Due and Allowance of Secured Claim
Section 23.21. Assignee's Entitlement to Compensation
Section 23.22. Examination of Debtor or Other Person
Section 23.23. Assignee's Final Report and Discharge
Section 23.24. Time Limit on Bringing Action Against Assignee