· AL legislature · 2026rs

Uniform Assignment for Benefit of Creditors Act; creates a voluntary state law process for distressed organizations to liquidate assets and distribute proceeds to creditors

Businesses & Financial Institutions

Sponsor

Sam Givhan (R-AL)

Introduced

2025-08-20

Policy area

Finance and Financial Sector

Latest action

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