SB 1252 Arizona Senate · 57th Legislature - Second Regular Session

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

290
Passed · 1 other
Total votes 30
Feb 12, 2026
D Democratic13
13 Yea
100% Yea
R Republican17
16 Yea 1
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
Photo of J.D. Mesnard
J.D. Mesnard
RRepublican
AZ
13