Texas Education Code - Section 51.934. Assignment, Transfer, Or Pledge Of Compensation
Legal Research Home >
Texas Lawyer > Education Code > Texas Education Code - Section 51.934. Assignment, Transfer, Or Pledge Of Compensation
§ 51.934. ASSIGNMENT, TRANSFER, OR PLEDGE OF
COMPENSATION. (a) In this section, "employee" means any person
employed by an institution of higher education in an executive,
administrative, or clerical capacity or as a professor or
instructor or in any similar capacity.
(b) An employee's assignment, pledge, or transfer, as
security for indebtedness, of any interest in or part of the
employee's salary or wages then due or that may become due under an
existing contract of employment is enforceable only:
(1) if, before or at the time of execution, delivery,
or acceptance of an assignment, pledge, or transfer, written
approval is obtained in accordance with the policy of the employing
institution; and
(2) to the extent that the indebtedness it secures is a
valid and enforceable obligation.
(c) An institution of higher education shall honor an
assignment, pledge, or transfer fulfilling the conditions of
Subsection (b) without incurring any liability to the employee
executing the assignment, pledge, or transfer. Payment to any
assignee, pledgee, or transferee in accordance with the terms of
the instrument is payment to or for the account of the assignor,
pledgor, or transferor. An assignment, pledge, or transfer is
enforceable only to the extent of salary due or that may become due
during continuation of the assignor's employment as an employee of
the institution.
(d) Venue for any suit against the employer of an employee
to enforce an assignment, pledge, or transfer of salary is in the
county where the employing institution is located.
Added by Acts 1995, 74th Leg., ch. 260, § 18, eff. May 30, 1995.
Section: 51.929 51.930 51.931 51.932 51.9325 51.933 51.9335 51.934 51.935 51.9355 51.936 51.937 51.940 51.941 51.942
Last modified: August 10, 2007
|
