---
type: "Bill"
title: "Uniform Assignment for Benefit of Creditors Act; creates a voluntary state law process for distressed organizations to liquidate assets and distribute proceeds to creditors"
description: "Businesses & Financial Institutions"
jurisdiction: "us/states/al"
legislature: "Alabama Legislature"
session: "2026rs"
identifier: "SB 15"
citation: "Alabama SB 15 (2026rs)"
classification: ["bill"]
subjects: ["Businesses & Financial Institutions"]
status: "enacted"
primary_sponsors: ["Givhan"]
version_count: 4
action_count: 22
vote_count: 0
first_action: "2025-08-20T04:00:00+00:00"
last_action: "2026-04-17T04:00:00+00:00"
source: "openstates"
source_identifier: "ocd-bill/d56fd42c-c1d6-4d76-a9f0-eeb0cc123f31"
source_url: "https://alison.legislature.state.al.us/bill-search"
source_hash: "597bc23bb5ec2e469433586ce59854606946b0cd0d09ae2733716d3858af4041"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-al"]
---

# Alabama SB 15 (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

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Introduced** (filed) — [source](https://alison.legislature.state.al.us/files/pdf/SearchableInstruments/2026RS/SB15-int.pdf)
2. **Engrossed** (committee substitute) — [source](https://alison.legislature.state.al.us/files/pdf/SearchableInstruments/2026RS/SB15-eng.pdf)
3. **Givhan motion to Adopt - Adopted Roll Call 331** (committee substitute) — [source](https://alison.legislature.state.al.us/files/pdf/SearchableInstruments/2026RS/DGVMJTT-1.pdf)
4. **Enrolled** (enrolled) — [source](https://alison.legislature.state.al.us/files/pdf/SearchableInstruments/2026RS/SB15-enr.pdf)

## Sponsors

- Givhan — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2025-08-20T04:00:00+00:00** Filed `filing`
- **2026-04-17T04:00:00+00:00** Enacted `became-law`
- **2026-04-08T04:00:00+00:00** Signature Requested
- **2026-04-08T04:00:00+00:00** Delivered to Governor `executive-receipt`
- **2026-04-08T04:00:00+00:00** Enrolled
- **2026-04-08T04:00:00+00:00** Ready to Enroll
- **2026-04-07T04:00:00+00:00** Motion to Read a Third Time and Pass - Adopted Roll Call 1237 `passage`
- **2026-04-07T04:00:00+00:00** Third Reading in Second House
- **2026-02-25T05:00:00+00:00** Read for the Second Time and placed on the Calendar (Financial Services)
- **2026-02-25T05:00:00+00:00** Reported Out of Committee Second House
- **2026-02-12T05:00:00+00:00** Pending Committee Action in Second House (Financial Services)
- **2026-02-12T05:00:00+00:00** Read for the first time and referred to the House Committee on Financial Services `reading-1, referral-committee`
- **2026-02-11T05:00:00+00:00** Engrossed
- **2026-02-10T05:00:00+00:00** Motion to Read a Third Time and Pass as Amended - Adopted Roll Call 332 `passage`
- **2026-02-10T05:00:00+00:00** Givhan motion to Adopt - Adopted Roll Call 331
- **2026-02-10T05:00:00+00:00** Fiscal Responsibility and Economic Development 1st Amendment Offered (Fiscal Responsibility and Economic Development) `amendment-introduction`
- **2026-02-10T05:00:00+00:00** Third Reading in House of Origin
- **2026-01-21T05:00:00+00:00** Read for the Second Time and placed on the Calendar (Fiscal Responsibility and Economic Development)
- **2026-01-21T05:00:00+00:00** Reported Out of Committee House of Origin
- **2026-01-21T05:00:00+00:00** Fiscal Responsibility and Economic Development 1st Amendment (Fiscal Responsibility and Economic Development)
- **2026-01-13T05:00:00+00:00** Pending Committee Action in House of Origin (Fiscal Responsibility and Economic Development)
- **2026-01-13T05:00:00+00:00** Read for the first time and referred to the Senate Committee on Fiscal Responsibility and Economic Development `reading-1, referral-committee`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/d56fd42c-c1d6-4d76-a9f0-eeb0cc123f31`. Confidence: reported (aggregated from official Alabama legislature records).