SB252 Alabama 2017 Session
Crossed Over
Bill Summary
Sponsors
Session
Regular Session 2017
Title
Alabama Uniform Voidable Transfers Act, adopted, creditors, procedures to reach assets transferred to prevent seizure established, Secs. 8-9B-1 to 8-9B-17, inclusive, added
Description
<p class="bill_description"> Under existing law, Alabama has adopted the
Uniform Fraudulent Transfers Act (UFTA). Under
existing law, the UFTA establishes procedures by
which a creditor may reach assets a debtor has
transferred to another person in order to prevent
the assets from being used to settle a debt</p><p class="bill_description">
This bill would adopt the Uniform Voidable
Transfers Act to replace the UFTA for transactions
occurring after January 1, 2018. This bill would
establish an updated procedure by which a creditor
may reach assets a debtor has transferred to
another person in order to prevent the assets from
being used to settle a debt</p><p class="bill_entitled_an_act"> To adopt the Alabama Uniform Voidable Transactions
Act; to establish procedures by which a creditor may reach
assets a debtor has transferred to another person in order to
prevent the assets from being used to settle a debt; and to
specify that the act would apply to transactions that occur
after January 1, 2018.
</p>
Subjects
Property, Real and Personal
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| April 20, 2017 | H | Judiciary first Amendment Offered |
| April 20, 2017 | H | Pending third reading on day 20 Favorable from Judiciary with 1 amendment |
| April 20, 2017 | H | Read for the second time and placed on the calendar 1 amendment |
| March 16, 2017 | H | Read for the first time and referred to the House of Representatives committee on Judiciary |
| March 16, 2017 | S | Motion to Read a Third Time and Pass adopted Roll Call 422 |
| March 16, 2017 | S | Third Reading Passed |
| March 9, 2017 | S | Read for the second time and placed on the calendar |
| February 28, 2017 | S | Read for the first time and referred to the Senate committee on Judiciary |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | April 19, 2017 | Room 200 at 13:30 | House JUDY Hearing |
| Hearing | March 9, 2017 | Committee Room 325 at 09:15 | Senate JUDY Hearing |
| Hearing | March 7, 2017 | Room 325 at 13:00 | Senate JUDY Hearing |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB252 Alabama 2017 Session - Introduced |