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AL SB27
Bill
Status
4/9/2015
Primary Sponsor
Greg Albritton
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AI Summary
SB27 Summary
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Repeals existing Article X of the Alabama Constitution of 1901 relating to exemptions and replaces it with a new Article X on exemptions from forced sale.
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Authorizes the Legislature to set by general law the amount and conditions for exempting homesteads, personal property, and other property from forced sale for debt payment.
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Permits exemption rights to be waived by written instrument, with real property waivers requiring the grantor's signature and attestation by one witness.
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Becomes operative on January 1, 2017, following voter approval by majority of qualified electors voting on the amendment.
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Passed the Alabama Senate on April 9, 2015 with a vote of 31-0.
Legislative Description
Article X, Homestead exemptions, repealed and readopted as a new Article X to the Constitution of Alabama of 1901, const. amend.
Constitutional Amendments
Last Action
Pending third reading on day 15 Favorable from Constitution, Campaigns and Elections
4/16/2015