HB113 Alabama 2016 Session

Summary

Primary Sponsor

Matt Fridy

Republican

Session

Regular Session 2016

Title

Fraudulent Transfer Act, make applicable to domestic settlements, Sec. 8-9A-1 am'd.

Description

Under existing law, the Alabama Fraudulent Transfer Act prohibits the fraudulent transfer of assets.

This bill would provide that a transfer includes those transfers made pursuant to a divorce settlement or domestic settlement for purposes of the Alabama Fraudulent Transfer Act.

This bill would provide that the act is declaratory of existing law and does not change existing law.

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Subjects

Fraud