Retirement plan; no person acting as trustee or custodian with respect thereto may exercise setoff. (HB2229)

Introduced By

Sen. Dave Marsden (D-Burke)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


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 »


02/23/2009: Failed to Pass in Committee


01/14/2009Prefiled and ordered printed; offered 01/14/09 098462608
01/14/2009Referred to Committee for Courts of Justice
01/20/2009Assigned Courts sub: Civil
01/26/2009Subcommittee recommends reporting with amendment(s)
01/28/2009Reported from Courts of Justice with substitute (21-Y 0-N) (see vote tally)
01/28/2009Committee substitute printed 090158608-H1
01/30/2009Read first time
02/02/2009Read second time
02/02/2009Committee substitute agreed to 090158608-H1
02/02/2009Engrossed by House - committee substitute HB2229H1
02/03/2009Read third time and passed House BLOCK VOTE (98-Y 0-N)
02/03/2009VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally)
02/04/2009Constitutional reading dispensed
02/04/2009Referred to Committee for Courts of Justice
02/11/2009Assigned Courts sub: Civil
02/23/2009Passed by indefinitely in Courts of Justice (15-Y 0-N) (see vote tally)