SB490 Alabama 2012 Session
Updated Jul 25, 2021
SB490 Alabama 2012 Session
Senate Bill
Expired
Current Status
Regular Session 2012
Session
1
Sponsor
Summary
- Primary Sponsor
-
Gerald H. Allen SenatorRepublican - Session
- Regular Session 2012
- Title
- Motor vehicles, security interests, older model vehicles, time before considered satisfied reduced, Sec. 32-8-64.2 am'd
- Description
Existing law provides that a security agreement on a motor vehicle that is 12 model years old or older is considered satisfied after five years from the date of the security agreement.
This bill would reduce the period of time in which the security agreement on a motor vehicle that is 12 or more model years old is considered satisfied to three years.
- Subjects
- Motor Vehicles
Bill Actions
Indefinitely Postponed
Read for the second time and placed on the calendar
Read for the first time and referred to the Senate committee on Commerce, Transportation, and Utilities
Bill Text
Documents
Source: Alabama Legislature