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.
Read for the first time and referred to the House of Representatives committee on Judiciary
Engrossed
Motion to Read a Third Time and Pass adopted Roll Call 137
Ward motion to Adopt adopted Roll Call 136
Judiciary Amendment Offered
Third Reading Passed
Read for the second time and placed on the calendar 1 amendment
Read for the first time and referred to the Senate committee on Judiciary
Source: Alabama Legislature