State • Alabama
SB 15: Uniform Assignment for Benefit of Creditors Act; creates a voluntary state law process for distressed organizations to liquidate assets and distribute proceeds to creditors
Sam GivhanEnacted
SB 15 status: Enacted (updated Apr 17, 2026).
1
What this bill does
Overall score
Score75/100 civic fit
RiskLow risk
ImpactModerate impact 60/100
Bill summary
OfficialBusinesses & Financial Institutions
Key analysis
Constitutionality95%
Bipartisan70%
Public opinion50%
2
Impact analysis
Environment
Mixed / Neutral
50%
Benefits
- No direct effect identified
Risks
- No direct effect identified
Economy
Positive Outlook
75%
Benefits
- Provides predictable legal framework for business liquidation
- Reduces litigation costs for distressed organizations
Risks
- Potential for disparate creditor treatment if not managed correctly
Society
Mixed / Neutral
50%
Benefits
- No direct effect identified
Risks
- No direct effect identified
3
How trustworthy & consequential it is
Source
OpenStates
Confidence
lowlow
Analysis status
Bill metadata only
Warning
LegiScan returned a PDF-only document. PDF extraction is not enabled in this build, so the pipeline used a safer fallback.
Limitation
Analysis based on bill title and metadata only
4
Where it stands
Enacted
Introduced
CompleteCommittee
CompleteFloor
CompleteGovernor
CompleteEnacted
Complete5
How it affects your district
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6
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