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2005 SESSION

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HB 1698 Individual retirement accounts (IRAs); benefits exempt from creditors.

Introduced by: Lionell Spruill, Sr. | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Retirement benefits exempt from creditors. Extends the protections against creditor demands to all moneys in a retirement account to which an employer does not contribute. Under current law, the exemption from creditor demands applies only to that amount of investment in an account that generates an annual benefit in excess of $17,500.  The proviso that the exemption does not apply to demands for child or spousal support is retained.

FULL TEXT

• 12/22/04  House: Prefiled & ordered printed; offered 01/12/05 054249512  pdf

HISTORY

• 12/22/04  House: Prefiled & ordered printed; offered 01/12/05 054249512
• 12/22/04  House: Referred to Committee for Courts of Justice
• 01/12/05  House: Assigned to C. J. sub-committee: Civil Law
• 01/17/05  House: Stricken from docket by C. J. (21-Y 0-N)