CS/CS/SB 600: Assignment for the Benefit of Creditors
GENERAL BILL by Rules ; Judiciary ; Martin
Assignment for the Benefit of Creditors; Revising requirements for the commencement of proceedings for general assignments; authorizing assignees to rely on certain orders, judgments, decrees, rules, and documents; limiting the assets a creditor or other party in interest may pursue in an action against an assignee; providing requirements for a creditor or other party in interest in certain actions against an assignee, etc.
Senate Committee References:
- Judiciary (JU)
- Banking and Insurance (BI)
- Rules (RC)
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Bill History
Date Chamber Action 2/8/2023 Senate • Filed
2/16/2023 Senate • Referred to Judiciary; Banking and Insurance; Rules
3/7/2023 Senate • Introduced
3/16/2023 Senate • On Committee agenda-- Judiciary, 03/21/23, 2:30 pm, 412 Knott Building
3/21/2023 Senate • CS by Judiciary; YEAS 11 NAYS 0
3/22/2023 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
• CS by Judiciary read 1st time
3/23/2023 Senate • Now in Banking and Insurance
3/24/2023 Senate • On Committee agenda-- Banking and Insurance, 03/29/23, 8:30 am, 412 Knott Building
3/29/2023 Senate • Favorable by Banking and Insurance; YEAS 12 NAYS 0
• Now in Rules
4/6/2023 Senate • On Committee agenda-- Rules, 04/11/23, 8:30 am, 412 Knott Building
4/11/2023 Senate • CS/CS by- Rules; YEAS 18 NAYS 0
4/12/2023 Senate • Pending reference review -under Rule 4.7(2) - (Committee Substitute)
• CS/CS by Rules read 1st time
4/13/2023 Senate • Placed on Calendar, on 2nd reading
• Placed on Special Order Calendar, 04/19/23
4/19/2023 Senate • Read 2nd time -SJ 434
• Read 3rd time -SJ 434
• CS passed; YEAS 40 NAYS 0 -SJ 434
• Immediately certified -SJ 438
4/19/2023 House • In Messages
• Bill referred to House Calendar
• Bill added to Special Order Calendar (4/20/2023)
• 1st Reading (Committee Substitute 2)
4/20/2023 House • Substituted for CS/HB 491
• Read 2nd time
• Added to Third Reading Calendar
• Read 3rd time
• CS passed; YEAS 112, NAYS 0
4/20/2023 Senate • Ordered enrolled
6/5/2023 • Signed by Officers and presented to Governor
6/12/2023 • Approved by Governor
6/16/2023 • Chapter No. 2023-219
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CS/CS/SB 600, Enrolled (Current Bill Version) Posted 4/21/2023 at 8:42 AM
Bill Text: Web Page | PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 491 (c1) Assignment for the Benefit of Creditors Civil Justice Subcommittee Similar Last Action: 4/20/2023 H Laid on Table; companion bill(s) passed, see CS/CS/SB 600 (Ch. 2023-219) 
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 5 (pdf) 727.110 Actions by assignee and other parties in interest. Page 5 (pdf) -
CS/CS/SB 600, Committee Substitute 2 Posted 4/12/2023 at 9:27 AM
Bill Text: Web Page | PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 491 (c1) Assignment for the Benefit of Creditors Civil Justice Subcommittee Similar Last Action: 4/20/2023 H Laid on Table; companion bill(s) passed, see CS/CS/SB 600 (Ch. 2023-219)
Floor Votes (2)
Date Chamber Result 4/19/2023 4:52 PM Senate 40 Yeas - 0 Nays 4/20/2023 3:31 PM House 112 Yeas - 0 Nays 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 5 (pdf) 727.110 Actions by assignee and other parties in interest. Page 5 (pdf) -
CS/SB 600, Committee Substitute 1 Posted 3/22/2023 at 11:34 AM
Bill Text: Web Page | PDF Analyses: Banking and Insurance (Pre-Meeting) 3/27/2023 (pdf)
Banking and Insurance (Post-Meeting) 3/29/2023 (pdf)
Rules (Pre-Meeting) 4/10/2023 (pdf)
Rules (Post-Meeting) 4/11/2023 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 491 (c1) Assignment for the Benefit of Creditors Civil Justice Subcommittee Identical Last Action: 4/20/2023 H Laid on Table; companion bill(s) passed, see CS/CS/SB 600 (Ch. 2023-219)
Committee Amendments (1)
Amendment Sponsor Filed Last Committee Action Format 225188 - Amendment
Delete line 105 and insert:Rules
(Martin)4/10/2023
4:18 PMReplaced by Committee Substitute
4/11/2023Web Page
PDFCommittee Votes (2)
Date Committee Result 3/29/2023 8:30 AM Banking and Insurance 12 Yeas - 0 Nays 4/11/2023 8:30 AM Rules 18 Yeas - 0 Nays 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 5 (pdf) 727.110 Actions by assignee and other parties in interest. Page 5 (pdf) -
SB 600, Original Filed Version Posted 2/8/2023 at 2:19 PM
Bill Text: Web Page | PDF Analyses: Judiciary (Pre-Meeting) 3/20/2023 (pdf)
Judiciary (Post-Meeting) 3/22/2023 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 491 (c1) Assignment for the Benefit of Creditors Civil Justice Subcommittee Similar Last Action: 4/20/2023 H Laid on Table; companion bill(s) passed, see CS/CS/SB 600 (Ch. 2023-219)
Committee Amendments (1)
Amendment Sponsor Filed Last Committee Action Format 331644 - Amendment
Delete lines 45 - 59 and insert:Judiciary
(Martin)3/20/2023
2:04 PMReplaced by Committee Substitute
3/21/2023Web Page
PDFCommittee Votes (1)
Date Committee Result 3/21/2023 2:30 PM Judiciary 11 Yeas - 0 Nays 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 5 (pdf) 727.110 Actions by assignee and other parties in interest. Page 5 (pdf)