Alabama SB 15 — 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, 2026rs. SB 15: Uniform Assignment for Benefit of Creditors Act; creates a voluntary state law process for distressed organizations to liquidate assets and distribute proce

Plural source record ↗

Official legislative source ↗

Latest action

April 17, 2026 — Enacted

Summary

Businesses & Financial Institutions

Sponsors

• Givhan — primary sponsor

Bill text

Introduced Read version ↗

Engrossed Read version ↗

Enrolled Read version ↗

Givhan motion to Adopt - Adopted Roll Call 331 Read version ↗

Recorded votes

No roll-call votes were supplied for this bill. This does not imply that no vote occurred.

Legislative history

1. January 13, 2026Read for the first time and referred to the Senate Committee on Fiscal Responsibility and Economic Development
2. January 13, 2026Pending Committee Action in House of Origin (Fiscal Responsibility and Economic Development)
3. January 21, 2026Fiscal Responsibility and Economic Development 1st Amendment (Fiscal Responsibility and Economic Development)
4. January 21, 2026Reported Out of Committee House of Origin
5. January 21, 2026Read for the Second Time and placed on the Calendar (Fiscal Responsibility and Economic Development)
6. February 10, 2026Third Reading in House of Origin
7. February 10, 2026Fiscal Responsibility and Economic Development 1st Amendment Offered (Fiscal Responsibility and Economic Development)
8. February 10, 2026Givhan motion to Adopt - Adopted Roll Call 331
9. February 10, 2026Motion to Read a Third Time and Pass as Amended - Adopted Roll Call 332
10. February 11, 2026Engrossed
11. February 12, 2026Read for the first time and referred to the House Committee on Financial Services
12. February 12, 2026Pending Committee Action in Second House (Financial Services)
13. February 25, 2026Reported Out of Committee Second House
14. February 25, 2026Read for the Second Time and placed on the Calendar (Financial Services)
15. April 7, 2026Third Reading in Second House
16. April 7, 2026Motion to Read a Third Time and Pass - Adopted Roll Call 1237
17. April 8, 2026Ready to Enroll
18. April 8, 2026Enrolled
19. April 8, 2026Delivered to Governor
20. April 8, 2026Signature Requested
21. April 17, 2026Enacted
22. August 20, 2025Filed

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