23.24 – TIME LIMIT ON BRINGING ACTION AGAINST ASSIGNEE. An
Texas Business and Commerce Code § 23.24
Summary
This law establishes a one-year time limit for bringing legal actions against an assignee based on their conduct related to an assignment. The action must be initiated within 12 months of the assignee's report being filed, or it will be barred.
Actions against assignees must be filed within 12 months.
Time limit starts from the filing of the assignee's report.
Failure to act within the time frame results in barred claims.
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In simple terms: Learn about Texas's TIME LIMIT ON BRINGING ACTION AGAINST ASSIGNEE. An law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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