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
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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)
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CS/HB 491, Committee Substitute 1 (Current Bill Version) Posted 3/20/2023 at 5:29 PM
Bill Text: PDF Analyses: Judiciary Committee (Post-Meeting) 3/31/2023 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 600 (er) Assignment for the Benefit of Creditors Martin Similar Last Action: 6/16/2023 Chapter No. 2023-219 
Floor Amendments (1)
Amendment Sponsor Filed Last Floor Action Format 080831 - Amendment
Remove line 113 and insert:Fernandez-Barquin 4/14/2023
3:27 PMPDF Citations - Statutes (5)
Citation Catchline Location in Bill Location In Bill Help 727.101 Intent of chapter. Page 2 (pdf) 727.104 Commencement of proceedings. Page 2 (pdf) 727.105 Proceedings against assignee. Page 3 (pdf) 727.106 Turnover. Page 6 (pdf) 727.110 Actions by assignee and other parties in interest. Page 6 (pdf) -
HB 491, Original Filed Version Posted 1/24/2023 at 11:38 AM
Bill Text: PDF Analyses: Civil Justice Subcommittee (Post-Meeting) 6/19/2023 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 600 Assignment for the Benefit of Creditors Martin Similar Last Action: 6/16/2023 Chapter No. 2023-219
Committee Amendments (1)
Amendment Sponsor Filed Last Committee Action Format 867851 - Amendment
Remove lines 52-66 and insert:Fernandez-Barquin 3/17/2023
4:37 PMAdopted
3/20/2023PDF Citations - Statutes (5)
Citation Catchline Location in Bill Location In Bill Help 727.101 Intent of chapter. Page 2 (pdf) 727.104 Commencement of proceedings. Page 2 (pdf) 727.105 Proceedings against assignee. Page 3 (pdf) 727.106 Turnover. Page 6 (pdf) 727.110 Actions by assignee and other parties in interest. Page 6 (pdf)