HB181 Alabama 2018 Session
Bill Summary
Under existing law, Alabama has adopted the Uniform Fraudulent Transfers Act (UFTA). Under existing law, the UFTA establishes procedures by which a creditor may reach assets a debtor has transferred to another person in order to prevent the assets from being used to settle a debt
This bill would adopt the Uniform Voidable Transfers Act to replace the UFTA for transactions occurring after January 1, 2019. This bill would establish an updated procedure by which a creditor may reach assets a debtor has transferred to another person in order to prevent the assets from being used to settle a debt
To adopt the Alabama Uniform Voidable Transactions Act; to establish procedures by which a creditor may reach assets a debtor has transferred to another person in order to prevent the assets from being used to settle a debt; and to specify that the act would apply to transactions that occur after January 1, 2019.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| January 25, 2018 | H | Pending third reading on day 7 Favorable from Judiciary |
| January 25, 2018 | H | Read for the second time and placed on the calendar |
| January 11, 2018 | H | Read for the first time and referred to the House of Representatives committee on Judiciary |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | January 24, 2018 | Room 200 at 13:30 | House JUDY Hearing |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB181 Alabama 2018 Session - Introduced |