SB 152

Signed by Governor

Contents hide

1 Bill Summary
2 Bill Actions
3 Bill Calendar
4 Bill Text
5 Bill Votes
6 Bill Documents

Bill Summary

Sponsors

Rodger Smitherman

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

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.

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