CS/HB 491: Assignment for the Benefit of Creditors
GENERAL BILL by Civil Justice Subcommittee ; Fernandez-Barquin ; (CO-INTRODUCERS) Leek
Assignment for the Benefit of Creditors; Revises requirements for commencement of proceedings for general assignments; provides courts with judicial discretion to determine compliance; provides for assignee's ability to rely on, & defense for good faith compliance with, court orders, judgments, decrees, & rules of law; establishes nonliability of assignee when certain requirements are met; limits assets creditor or other party in interest may pursue in action against assignee; excludes creditors from being required to turn over assets of estate upon notice of assignment action or proceeding; requires negative notice in assignment action by assignee upon filing of notice of rejection.
Last Action: 4/20/2023 House - Laid on Table; companion bill(s) passed, see CS/CS/SB 600 (Ch. 2023-219)
Bill Text: PDF
Bill History
| Date | Chamber | Action |
|---|---|---|
| 1/24/2023 | House |
• Filed |
| 2/1/2023 | House |
• Referred to Civil Justice Subcommittee • Referred to Judiciary Committee • Now in Civil Justice Subcommittee |
| 3/7/2023 | House |
• 1st Reading (Original Filed Version) |
| 3/16/2023 | House |
• Added to Civil Justice Subcommittee agenda |
| 3/20/2023 | House |
• Favorable with CS by Civil Justice Subcommittee • Reported out of Civil Justice Subcommittee • Laid on Table under Rule 7.18(a) • CS Filed • 1st Reading (Committee Substitute 1) |
| 3/21/2023 | House |
• Referred to Judiciary Committee • Now in Judiciary Committee |
| 3/29/2023 | House |
• Added to Judiciary Committee agenda |
| 3/31/2023 | House |
• Favorable by Judiciary Committee • Reported out of Judiciary Committee • Bill released to House Calendar • Added to Second Reading Calendar |
| 4/13/2023 | House |
• Bill added to Special Order Calendar (4/20/2023) |
| 4/20/2023 | House |
• Substituted CS/CS/SB 600 • Laid on Table; companion bill(s) passed, see CS/CS/SB 600 (Ch. 2023-219) |
