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AlabamaSB152026 Regular SessionSenate

Uniform Assignment for Benefit of Creditors Act; creates a voluntary state law process for distressed organizations to liquidate assets and distribute proceeds to creditors

Sponsored By: Sam Givhan (Republican)

Passed

Businesses & Financial Institutions

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Sam Givhan

    Republican • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 301 • No: 0

House vote • 4/7/2026

Motion to Read a Third Time and Pass - Adopted Roll Call 1237

Yes: 101 • No: 0

House vote • 4/7/2026

Third Reading in Second House

Yes: 104 • No: 0

Senate vote • 2/10/2026

Motion to Read a Third Time and Pass as Amended - Adopted Roll Call 332

Yes: 32 • No: 0

Senate vote • 2/10/2026

Givhan motion to Adopt - Adopted Roll Call 331

Yes: 32 • No: 0

Senate vote • 2/10/2026

Third Reading in House of Origin

Yes: 32 • No: 0

Actions Timeline

  1. Enacted

    4/17/2026Senate

  2. Ready to Enroll

    4/8/2026Senate

  3. Enrolled

    4/8/2026Senate

  4. Delivered to Governor

    4/8/2026Senate

  5. Signature Requested

    4/8/2026House

  6. Third Reading in Second House

    4/7/2026House

  7. Motion to Read a Third Time and Pass - Adopted Roll Call 1237

    4/7/2026House

  8. Reported Out of Committee Second House

    2/25/2026House

  9. Read for the Second Time and placed on the Calendar

    2/25/2026House

  10. Read for the first time and referred to the House Committee on Financial Services

    2/12/2026House

  11. Pending Committee Action in Second House

    2/12/2026House

  12. Engrossed

    2/11/2026Senate

  13. Third Reading in House of Origin

    2/10/2026Senate

  14. Fiscal Responsibility and Economic Development 1st Amendment Offered

    2/10/2026Senate

  15. Givhan motion to Adopt - Adopted Roll Call 331

    2/10/2026Senate

  16. Motion to Read a Third Time and Pass as Amended - Adopted Roll Call 332

    2/10/2026Senate

  17. Fiscal Responsibility and Economic Development 1st Amendment

    1/21/2026Senate

  18. Reported Out of Committee House of Origin

    1/21/2026Senate

  19. Read for the Second Time and placed on the Calendar

    1/21/2026Senate

  20. Read for the first time and referred to the Senate Committee on Fiscal Responsibility and Economic Development

    1/13/2026Senate

  21. Pending Committee Action in House of Origin

    1/13/2026Senate

Bill Text

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