SB252 Alabama 2017 Session
Bill Summary
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
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
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.
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 |