SB152 Alabama 2018 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, 2019. 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, 2019.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| February 27, 2018 | S | Assigned Act No. 2018-163. |
| February 27, 2018 | H | Signature Requested |
| February 27, 2018 | S | Enrolled |
| February 22, 2018 | H | Concurred in Second House Amendment |
| February 22, 2018 | S | Smitherman motion to Concur In and Adopt adopted Roll Call 499 |
| February 22, 2018 | S | Concurrence Requested |
| February 20, 2018 | H | Motion to Read a Third Time and Pass adopted Roll Call 399 |
| February 20, 2018 | H | Motion to Adopt adopted Roll Call 398 |
| February 20, 2018 | H | Judiciary Amendment Offered |
| February 20, 2018 | H | Third Reading Passed |
| February 15, 2018 | H | Read for the second time and placed on the calendar 1 amendment |
| February 6, 2018 | H | Read for the first time and referred to the House of Representatives committee on Judiciary |
| February 6, 2018 | S | Motion to Read a Third Time and Pass adopted Roll Call 295 |
| February 6, 2018 | S | Third Reading Passed |
| February 1, 2018 | S | Read for the second time and placed on the calendar |
| January 11, 2018 | S | Read for the first time and referred to the Senate committee on Banking and Insurance |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | February 14, 2018 | Room 200 at 13:30 | House JUDY Hearing |
| Hearing | January 31, 2018 | Room 320 at 11:30 | Senate B&I Hearing |
| Hearing | February 22, 2017 | Room 325 at 13:30 | Senate JUDY Hearing |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB152 Alabama 2018 Session - Introduced |