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.
Tex. Bus. & Com. Code § 23.19
ASSIGNEE'S DUTY TO DISTRIBUTE ASSIGNED ESTATE
Acts 1967, 60th Leg., p. 2343, ch. 785, Sec. 1.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.