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CS/CS/HB 833: General Assignments

GENERAL BILL by Judiciary Committee ; Civil Justice Subcommittee ; Passidomo

General Assignments; Defines "negative notice"; requires assignee's bond to be in at least specific amount or double liquidation value of unencumbered & liquid assets of estate, whichever is higher; authorizes assignee to conduct certain discovery to determine whether to prosecute certain claims or causes of action; extends time period assignee may conduct business of assignor; authorizes assignee to continue conducting business of assignor by serving negative notice; extends time period for which court may authorize assignee to conduct business of assignor; provides procedures for assignee's rejection of unexpired lease of nonresidential real property or of personal property; requires assignee to serve notice of rejection on certain persons & file with court; requires that notice of rejection for personal property include certain information about affected property; specifies effective date of rejection; requires estate's rights & obligations to & liability for affected property to terminate; extends minimum time period for giving notice to assignor & creditors; provides procedure for serving notice on persons; requires objection to be filed & served within specific time period; requires notice to be in specified form; provides that assignee may take certain actions if objection is not filed.

Effective Date: 6/28/2013
Last Action: 7/1/2013 - Chapter No. 2013-244
Location: Became Law
Bill Text: PDF



Bill History

Date Chamber Action
2/15/2013 House • Filed
2/28/2013 House • Referred to Civil Justice Subcommittee; Insurance and Banking Subcommittee; Judiciary Committee -HJ 85
3/5/2013 House • Introduced -HJ 84
3/11/2013 House • PCS on Committee agenda-- Civil Justice Subcommittee, 03/13/13, 12:00 pm, 404 HOB
3/13/2013 House • CS by Civil Justice Subcommittee; YEAS 13 NAYS 0 -HJ 272
3/15/2013 House • Pending review of CS under Rule 7.19(c)
3/18/2013 House • Now in Insurance and Banking Subcommittee -HJ 270
• CS by Civil Justice Subcommittee read 1st time -HJ 266
3/26/2013 House • On Committee agenda-- Insurance and Banking Subcommittee, 03/28/13, 8:00 am, 404 HOB
3/28/2013 House • Favorable by Insurance and Banking Subcommittee; YEAS 13 NAYS 0 -HJ 373
• Now in Judiciary Committee -HJ 373
4/1/2013 House • On Committee agenda-- Judiciary Committee, 04/03/13, 8:30 am, 404 HOB
4/3/2013 House • CS/CS by- Judiciary Committee; YEAS 17 NAYS 0 -HJ 437
4/4/2013 House • Pending review of CS -under Rule 7.19(c)
• CS/CS by Judiciary Committee read 1st time -HJ 431
4/5/2013 House • Placed on Calendar -HJ 443
4/19/2013 House • Placed on Special Order Calendar, 04/23/13
4/23/2013 House • Read 2nd time -HJ 706
• Placed on 3rd reading
4/24/2013 House • Read 3rd time -HJ 805
• CS passed; YEAS 113 NAYS 0 -HJ 806
4/24/2013 Senate • In Messages
• Referred to Judiciary; Banking and Insurance; Rules -SJ 583
• Received -SJ 583
4/25/2013 Senate • Withdrawn from Judiciary; Banking and Insurance; Rules -SJ 610
• Placed on Calendar, on 2nd reading -SJ 610
• Substituted for CS/SB 1098 -SJ 610
• Read 2nd time -SJ 610
• Placed on 3rd reading
4/26/2013 Senate • Read 3rd time -SJ 690
• CS passed; YEAS 36 NAYS 0 -SJ 690
4/29/2013 House • Ordered enrolled -HJ 967
6/17/2013 • Signed by Officers and presented to Governor
6/28/2013 • Approved by Governor
7/1/2013 • Chapter No. 2013-244