SB 15
Signed into law
Uniform Assignment for Benefit of Creditors Act; creates a voluntary state law process for distressed organizations to liquidate assets and distribute proceeds to creditors
- Alabama
- Senate
- Introduced Aug 20, 2025
- Session 2026rs
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View on official siteLegislative Timeline
22 actions-
Enacted
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Ready to Enroll
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Enrolled
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Delivered to Governor
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Signature Requested
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Third Reading in Second House
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Motion to Read a Third Time and Pass - Adopted Roll Call 1237
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Reported Out of Committee Second House
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Read for the Second Time and placed on the Calendar (Financial Services)
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Read for the first time and referred to the House Committee on Financial Services
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Pending Committee Action in Second House (Financial Services)
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Engrossed
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Third Reading in House of Origin
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Fiscal Responsibility and Economic Development 1st Amendment Offered (Fiscal Responsibility and Economic Development)
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Givhan motion to Adopt - Adopted Roll Call 331
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Motion to Read a Third Time and Pass as Amended - Adopted Roll Call 332
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Fiscal Responsibility and Economic Development 1st Amendment (Fiscal Responsibility and Economic Development)
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Reported Out of Committee House of Origin
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Read for the Second Time and placed on the Calendar (Fiscal Responsibility and Economic Development)
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Read for the first time and referred to the Senate Committee on Fiscal Responsibility and Economic Development
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Pending Committee Action in House of Origin (Fiscal Responsibility and Economic Development)
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Filed