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State Government / Utah / Legislation / HB 382

HB 382Session 2026HouseBecame law

Uniform Assignment for Benefit of Creditors Amendments

Official source overview

This bill enacts the Uniform Assignment for Benefit of Creditors Act.

Published by Utah State Legislature for H.B. 382. Civixly has formatted, but not rewritten, the official text.

Latest development · Mar 23, 2026

Governor Signed

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Official Utah record ↗
Session
2026
Introduced
Jan 26, 2026
Latest passage
Feb 27, 2026
Key provisionsTopicsSponsorsActionsRelated billsDiscussion

Official highlighted provisions

What the bill would do

These points come from the Utah Legislature’s published bill overview.

  • defines terms;
  • establishes scope provisions, and eligibility requirements for assignors, assignees, and assignment agreements, including independence standards and fiduciary duties for assignees;
  • establishes the legal effect of an assignment, filing and recording requirements, creditor notification procedures, and mandatory duties of both an assignor and an assignee throughout the administration of the assignment estate;
  • establishes a process for submitting, allowing, disputing, and disallowing a creditor claim;
  • establishes a comprehensive priority scheme for distributions from the assignment estate;
  • grants an assignee defined powers to operate businesses, dispose of assets, pursue and defend claims, avoid certain transfers, and wind up the assignment, subject to fiduciary obligations and judicial oversight;
  • addresses liability standards, assignee removal and replacement, final accounting and discharge, interstate recognition of assignments, and limits on contractual variation to ensure uniform application; and
  • repeals the existing assignment for benefit of creditors code.
Verify this overview with the Utah Legislature ↗

Topics and classification

Civixly topics

Business & Economy

Source subjects

BusinessBusiness EntitiesContracts and ObligationsLegislative OperationsUniform Laws

Document type

Bill

Sponsors

Primary sponsors are listed before cosponsors and other sponsoring entities.

Primary sponsorTeuscher, Jordan D.
cosponsorMcKell, Michael K.

Action timeline

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

View full action timeline37 actions⌄
  1. Mar 23, 2026

    Governor Signed

    Executive SignatureOffice of the Governor
  2. Mar 12, 2026

    House/ to Governor

    Executive ReceiptOffice of the Governor
  3. Mar 12, 2026

    House/ received enrolled bill from Printing

    ReceiptHouse
  4. Mar 5, 2026

    House/ enrolled bill to Printing

    House
  5. Mar 5, 2026

    Enrolled Bill Returned to House or Senate

    EnrolledHouse
  6. Mar 3, 2026

    Draft of Enrolled Bill Prepared

    Utah State Legislature
  7. Mar 3, 2026

    Bill Received from House for Enrolling

    ReceiptUtah State Legislature
  8. Feb 27, 2026

    House/ signed by Speaker/ sent for enrolling

    PassageHouse
  9. Feb 27, 2026

    House/ received from Senate

    ReceiptHouse
  10. Feb 27, 2026

    Senate/ to House

    House
  11. Feb 27, 2026

    Senate/ signed by President/ returned to House

    PassageHouse
  12. Feb 27, 2026

    Senate/ passed 3rd reading

    PassageSenate
  13. Feb 27, 2026

    Senate/ 3rd reading

    Senate
  14. Feb 26, 2026

    Senate/ passed 2nd reading

    Reading 2Senate
  15. Feb 26, 2026

    Senate/ 2nd reading

    Senate
  16. Feb 25, 2026

    Senate/ placed on 2nd Reading Calendar

    Senate
  17. Feb 25, 2026

    Senate/ committee report favorable [Senate Business and Labor Committee]

    Committee Passage FavorableSenate
  18. Feb 24, 2026

    Senate Comm - Favorable Recommendation [Senate Business and Labor Committee]

    Committee Passage FavorableSenate
  19. Feb 20, 2026

    Senate/ to standing committee [Senate Business and Labor Committee]

    Referral CommitteeSenate
  20. Feb 19, 2026

    Senate/ 1st reading (Introduced)

    Senate
  21. Feb 18, 2026

    Senate/ received from House

    ReceiptSenate
  22. Feb 18, 2026

    House/ to Senate

    Senate
  23. Feb 18, 2026

    House/ passed 3rd reading

    PassageSenate
  24. Feb 18, 2026

    House/ 3rd reading

    House
  25. Feb 10, 2026

    House/ 2nd reading

    House
  26. Feb 10, 2026

    House/ committee report favorable [House Economic Development and Workforce Services Committee]

    Committee Passage FavorableHouse
  27. Feb 10, 2026

    House Comm - Favorable Recommendation [House Economic Development and Workforce Services Committee]

    Committee Passage FavorableHouse
  28. Feb 6, 2026

    House/ to standing committee [House Economic Development and Workforce Services Committee]

    Referral CommitteeHouse
  29. Jan 28, 2026

    House/ received fiscal note from Fiscal Analyst

    ReceiptHouse
  30. Jan 28, 2026

    LFA/ fiscal note publicly available for HB0382

    Utah State Legislature
  31. Jan 28, 2026

    LFA/ fiscal note sent to sponsor for HB0382

    Utah State Legislature
  32. Jan 27, 2026

    House/ 1st reading (Introduced)

    House
  33. Jan 27, 2026

    House/ received bill from Legislative Research

    ReceiptHouse
  34. Jan 26, 2026

    LFA/ bill sent to agencies for fiscal input for HB0382

    Utah State Legislature
  35. Jan 26, 2026

    LFA/ bill assigned to staff for fiscal analysis for HB0382

    Utah State Legislature
  36. Jan 26, 2026

    Numbered Bill Publicly Distributed

    Utah State Legislature
  37. Jan 26, 2026

    Bill Numbered but not Distributed

    Utah State Legislature

Related Utah legislation

Other measures from this legislative session that share one or more Civixly topics with HB 382.

HB 3Updated Mar 26, 2026

Appropriations Adjustments

Business & Economy
SB 26Updated Mar 26, 2026

Pest Control Amendments

Business & Economy
HB 190Updated Mar 26, 2026

Child Care Business Tax Credit

Business & Economy
HB 457Updated Mar 26, 2026

County Governance Modifications

Business & Economy
Browse all Utah legislation →

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

Bill overview text and highlighted provisions are published by the Utah State Legislature and are not rewritten by Civixly.

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.