Alabama bills · 2026 Regular Session
Alabama SB 15
Uniform Assignment for Benefit of Creditors Act; creates a voluntary state law process for distressed organizations to liquidate assets and distribute proceeds to creditors
- Introduced
- In committee
- Passed Senate
- Passed House
- To Governor
- Became law
Sponsors
- Givhan (Republican)
Summary
Official abstract published by the Alabama legislature· full subject
Businesses & Financial Institutions
Text versions
Roll-call votes
No recorded votes on this bill.
Actions
- Jan 13, 2026 · Senate
Read for the first time and referred to the Senate Committee on Fiscal Responsibility and Economic Development - Jan 13, 2026 · Senate
Pending Committee Action in House of Origin (Fiscal Responsibility and Economic Development) - Jan 21, 2026 · Senate
Fiscal Responsibility and Economic Development 1st Amendment (Fiscal Responsibility and Economic Development) - Jan 21, 2026 · Senate
Reported Out of Committee House of Origin - Jan 21, 2026 · Senate
Read for the Second Time and placed on the Calendar (Fiscal Responsibility and Economic Development) - Feb 10, 2026 · Senate
Third Reading in House of Origin - Feb 10, 2026 · Senate
Fiscal Responsibility and Economic Development 1st Amendment Offered (Fiscal Responsibility and Economic Development) - Feb 10, 2026 · Senate
Givhan motion to Adopt - Adopted Roll Call 331 - Feb 10, 2026 · Senate
Motion to Read a Third Time and Pass as Amended - Adopted Roll Call 332 - Feb 11, 2026 · Senate
Engrossed - Feb 12, 2026 · House
Read for the first time and referred to the House Committee on Financial Services - Feb 12, 2026 · House
Pending Committee Action in Second House (Financial Services) - Feb 25, 2026 · House
Reported Out of Committee Second House - Feb 25, 2026 · House
Read for the Second Time and placed on the Calendar (Financial Services) - Apr 7, 2026 · House
Third Reading in Second House - Apr 7, 2026 · House
Motion to Read a Third Time and Pass - Adopted Roll Call 1237 - Apr 8, 2026 · Senate
Ready to Enroll - Apr 8, 2026 · Senate
Enrolled - Apr 8, 2026 · Senate
Delivered to Governor - Apr 8, 2026 · House
Signature Requested - Apr 17, 2026 · Senate
Enacted - Aug 20, 2025 · Senate
Filed