Retirement plan; no person acting as trustee or custodian with respect thereto may exercise setoff. (HB2229)
Introduced By
Progress
✓ |
Introduced |
✗ |
Passed Committee |
✓ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Exemption from creditor process for retirement benefits. Prohibits a person acting as a trustee or custodian with respect to an individual retirement account or other exempt retirement plan from exercising setoff against the retirement plan except to the extent permitted under federal law. The measure also provides that an exemption for a retirement benefit may not be waived, and any attempted waiver is null and void. Read the Bill »
Status
02/23/2009: Failed to Pass in Committee
History
| Date | Action |
|---|---|
| 01/14/2009 | Committee |
| 01/14/2009 | Prefiled and ordered printed; offered 01/14/09 098462608 |
| 01/14/2009 | Referred to Committee for Courts of Justice |
| 01/20/2009 | Assigned Courts sub: Civil |
| 01/26/2009 | Subcommittee recommends reporting with amendment(s) |
| 01/28/2009 | Reported from Courts of Justice with substitute (21-Y 0-N) (see vote tally) |
| 01/28/2009 | Committee substitute printed 090158608-H1 |
| 01/30/2009 | Read first time |
| 02/02/2009 | Read second time |
| 02/02/2009 | Committee substitute agreed to 090158608-H1 |
| 02/02/2009 | Engrossed by House - committee substitute HB2229H1 |
| 02/03/2009 | Read third time and passed House BLOCK VOTE (98-Y 0-N) |
| 02/03/2009 | VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally) |
| 02/04/2009 | Constitutional reading dispensed |
| 02/04/2009 | Referred to Committee for Courts of Justice |
| 02/11/2009 | Assigned Courts sub: Civil |
| 02/23/2009 | Passed by indefinitely in Courts of Justice (15-Y 0-N) (see vote tally) |