Texas Property Code - Section 12.014. Transfer Of Judgment Or Cause Of Action
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Texas Laws > Property Code > Texas Property Code - Section 12.014. Transfer Of Judgment Or Cause Of Action
§ 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
note the transfer on the margin of the minute book at the place
where the judgment is recorded. 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, § 1, eff. Jan. 1, 1984.
Amended by Acts 1989, 71st Leg., ch. 162, § 3, eff. Sept. 1,
1989.
Section: 12.006 12.007 12.008 12.009 12.011 12.012 12.013 12.014 12.015 12.016 12.017 12.018 13.001 13.002 13.003
Last modified: August 11, 2007
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