SB152 Alabama 2018 Session
Signed by Governor
Bill Summary
Sponsors
Session
Regular Session 2018
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, 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</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, 2019.
</p>
Subjects
Property, Real and Personal
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 |