Texas Government Code 2253.075 – Assignment of Claim
Current as of: 2024 | Check for updates
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Terms Used In Texas Government Code 2253.075
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
A third party to whom a claim is assigned is in the same position as a payment bond beneficiary if notice is given as required by this chapter.