Hearing
Senate Fiscal Responsibility and Economic Development Hearing
Finance and Taxation at 12:30:00
SB15 Alabama 2026 Session
Updated Jan 23, 2026
SB15 Alabama 2026 Session
Senate Bill
In Committee
Current Status
2026 Regular Session
Session
1
Sponsor
Summary
- Primary Sponsor
-
Sam Givhan SenatorRepublican - Session
- 2026 Regular Session
- Title
- Uniform Assignment for Benefit of Creditors Act; creates a voluntary state law process for distressed organizations to liquidate assets and distribute proceeds to creditors
- Description
This bill creates the Uniform Assignment for Benefit of Creditors Act.
This bill would establish a voluntary state option, in lieu of a federal bankruptcy case, for a distressed organization or other legal entity to use to liquidate assets and distribute proceeds to creditors who hold valid, allowed claims.
- Subjects
- Businesses & Financial Institutions
Bill Actions
S
Read for the Second Time and placed on the Calendar
S
Reported Out of Committee House of Origin
S
Fiscal Responsibility and Economic Development 1st Amendment DGVMJTT-1
S
Pending Senate Fiscal Responsibility and Economic Development
S
Read for the first time and referred to the Senate Committee on Fiscal Responsibility and Economic Development
S
Prefiled
Calendar
Bill Text
Documents
Bill Text (Introduced)
SB15 Alabama 2026 Session - Introduced
Amendment
Senate Fiscal Responsibility and Economic Development Fiscal Responsibility and Economic Development 1st Amendment
Fiscal Note
Fiscal Note - Reported by First Chamber Committee
Fiscal Note
Fiscal Note - Introduced
Source: Alabama Legislature