uniform assignment; benefit of creditors
SB 1252 establishes a uniform legal framework in Arizona for "assignment for benefit of creditors," a process where debtors transfer all assets to a third party (an assignee) to settle debts with creditors. It directly affects debtors (individuals or businesses in Arizona) who use this method instead of formal bankruptcy to manage overwhelming creditor claims. The bill defines key terms (like "assignor," "assignee," and "assigned asset"), sets requirements for who can serve as an assignee (excluding creditors or insiders), and creates standardized procedures for handling asset transfers and creditor claims. This replaces inconsistent local practices with a state-wide system, ensuring predictable rules for debt resolution.
Bill status
signed
all 5 stages cleared
Introduction
Jan 2026
Committee Review
Mar 2026
Senate Passage
Feb 2026
House Passage
Apr 2026
Signed into Law
Apr 2026
Introduced Jan 22, 2026
Signed Apr 9, 2026
Maddy AI version diff · 2 comparisons
What changed between versions
Senate Engrossed Version (02/12/2026)
→
Chaptered Version
·
1 edit
MINOR
The bill was formatted and reorganized to match official state legislative standards, with no substantive changes to the actual laws. The content remains identical, covering the same rules for assigning assets to benefit creditors, defining key terms like 'affiliate' and 'asset', and outlining the duties of assignees and assignors.
Scope change
No change to the scope or applicability of the law; the text governing which entities and individuals are covered remains exactly the same.
TECHNICAL
The entire document structure was reformatted to include official chapter headers, page numbers, and standard legislative titles, while the actual legal text and definitions remained unchanged.
Floor votes · Senate Feb 12, 2026 · House Apr 2, 2026
How they voted
29–0
Passed · 1 other
Total votes 30
Feb 12, 2026
D
Democratic13
100% Yea
R
Republican17
94% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
14
Key actions
6
Committee
2
Apr 9, 2026
Signed into law
Signed by Governor
executive
Apr 2, 2026
Lower · Passed
PASSED
lower
Mar 30, 2026
Lower · Passed
DP
lower
Mar 10, 2026
Lower · Passed
DP
lower
Feb 12, 2026
Upper · Passed
PASSED
upper
Jan 26, 2026
Upper · Passed
DP
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
J.D. Mesnard
RRepublican
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