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State Government / Alabama / Legislation / SB 15

SB 15Session 2026rsSenateBecame 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

Source-provided summary

Businesses & Financial Institutions

Latest development · Apr 17, 2026

Enacted

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Source record ↗
Session
2026rs
Introduced
Aug 20, 2025
Latest passage
Apr 7, 2026
TopicsSponsorsActionsRelated billsDiscussion

Topics and classification

Civixly topics

Business & Economy

Source subjects

Businesses & Financial Institutions

Document type

Bill

Sponsors

Primary sponsors are listed before cosponsors and other sponsoring entities.

Primary sponsorGivhan

Action timeline

Newest action first. Action language is supplied by the state source.

View full action timeline22 actions⌄
  1. Apr 17, 2026

    Enacted

    Became LawSenate
  2. Apr 8, 2026

    Ready to Enroll

    Senate
  3. Apr 8, 2026

    Enrolled

    Senate
  4. Apr 8, 2026

    Delivered to Governor

    Executive ReceiptSenate
  5. Apr 8, 2026

    Signature Requested

    House
  6. Apr 7, 2026

    Third Reading in Second House

    House
  7. Apr 7, 2026

    Motion to Read a Third Time and Pass - Adopted Roll Call 1237

    PassageHouse
  8. Feb 25, 2026

    Reported Out of Committee Second House

    House
  9. Feb 25, 2026

    Read for the Second Time and placed on the Calendar (Financial Services)

    Reading 2House
  10. Feb 12, 2026

    Read for the first time and referred to the House Committee on Financial Services

    Reading 1Referral CommitteeHouse
  11. Feb 12, 2026

    Pending Committee Action in Second House (Financial Services)

    House
  12. Feb 11, 2026

    Engrossed

    Senate
  13. Feb 10, 2026

    Third Reading in House of Origin

    Senate
  14. Feb 10, 2026

    Fiscal Responsibility and Economic Development 1st Amendment Offered (Fiscal Responsibility and Economic Development)

    Amendment IntroductionSenate
  15. Feb 10, 2026

    Givhan motion to Adopt - Adopted Roll Call 331

    Amendment PassageSenate
  16. Feb 10, 2026

    Motion to Read a Third Time and Pass as Amended - Adopted Roll Call 332

    PassageSenate
  17. Jan 21, 2026

    Fiscal Responsibility and Economic Development 1st Amendment (Fiscal Responsibility and Economic Development)

    Senate
  18. Jan 21, 2026

    Reported Out of Committee House of Origin

    Senate
  19. Jan 21, 2026

    Read for the Second Time and placed on the Calendar (Fiscal Responsibility and Economic Development)

    Reading 2Senate
  20. Jan 13, 2026

    Read for the first time and referred to the Senate Committee on Fiscal Responsibility and Economic Development

    Reading 1Referral CommitteeSenate
  21. Jan 13, 2026

    Pending Committee Action in House of Origin (Fiscal Responsibility and Economic Development)

    Senate
  22. Aug 20, 2025

    Filed

    FilingSenate

Related Alabama legislation

Other measures from this legislative session that share one or more Civixly topics with SB 15.

HB 55Updated Apr 16, 2026

Mortgages; authorize lenders to mortgagors to make additional mortgage payments

Business & Economy
SB 368Updated Apr 7, 2026

Rural Health Transformation Program supplemental appropriations for the fiscal year ending September 30, 2026

Business & Economy
SB 187Updated Apr 7, 2026

Alabama Business and Nonprofit Entities Code. revisions made to clarify procedures, make technical corrections, and codify common law

Business & Economy
SB 185Updated Mar 31, 2026

Transit authorities; to authorize participation in business organizations

Business & Economy
Browse all Alabama legislation →

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State legislative data provided by Open States and linked legislature sources when available.

Civixly tracks state bill actions, passage dates, and sponsors. Member-level state roll-call histories are not included.

Source data last updated Jul 9, 2026.