Hearing
House Financial Services Hearing
Room 617 at 09:00:00
SB15 Alabama 2026 Session
Updated Apr 17, 2026
Notable
Summary
- Primary Sponsor
Sam GivhanSenatorRepublican- 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
Enacted
S
Enacted
H
Signature Requested
S
Delivered to Governor
S
Enrolled
S
Ready to Enroll
H
Motion to Read a Third Time and Pass - Adopted Roll Call 1237
H
Third Reading in Second House
H
Read for the Second Time and placed on the Calendar
H
Reported Out of Committee Second House
H
Pending House Financial Services
H
Read for the first time and referred to the House Committee on Financial Services
S
Engrossed
S
Motion to Read a Third Time and Pass as Amended - Adopted Roll Call 332
S
Givhan motion to Adopt - Adopted Roll Call 331 DGVMJTT-1
S
Fiscal Responsibility and Economic Development 1st Amendment Offered DGVMJTT-1
S
Third Reading in House of Origin
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
Hearing
Senate Fiscal Responsibility and Economic Development Hearing
Finance and Taxation at 12:30:00
Bill Text
Votes
Motion to Read a Third Time and Pass as Amended - Roll Call 332
Yes
32
Absent
3
Givhan motion to Adopt - Roll Call 331 DGVMJTT-1
Yes
32
Absent
3
Third Reading in House of Origin
Yes
32
Absent
3
SBIR: Passed by House of Origin
Yes
32
Absent
3
Motion to Read a Third Time and Pass - Roll Call 1237
Yes
101
Absent
4
Third Reading in Second House
Yes
104
Absent
1
HBIR: Passed by Second House
Yes
104
Absent
1
Documents
Bill Text (Enrolled)
SB15 Alabama 2026 Session - Enrolled
Bill Text (Engrossed)
SB15 Alabama 2026 Session - Engrossed
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
Fiscal Note
Fiscal Note - Passed First Chamber
Source: Alabama Legislature