(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.