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AZ HB2093
Bill
Status
1/18/2011
Primary Sponsor
Matthew Heinz
Click for details
AI Summary
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Amends Arizona Revised Statutes section 33-1126 to expand personal property exemptions from creditor claims to include 401(k) retirement accounts.
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Adds 401(k) plans to the existing list of retirement accounts exempt from creditor claims, joining 401(a), 403(a), 403(b), 408, 408A, 409, and 457 deferred compensation plans.
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Maintains existing exceptions to retirement account exemptions, including alternate payees under qualified domestic relations orders and contributions made within 120 days before bankruptcy filing.
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Does not affect child support enforcement, as property remains subject to orders resulting from child support arrearages or debts.
Legislative Description
Property exemptions; 401(k) retirement accounts
Last Action
Referred to House RULES Committee
1/24/2011