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AZ HB2093

Bill

Status

Introduced

1/18/2011

Primary Sponsor

Matthew Heinz

Click for details

Origin

House of Representatives

Fiftieth Legislature - First Regular Session (2011)

AI Summary

  • Amends Arizona Revised Statutes section 33-1126 to expand personal property exemptions from creditor claims to include 401(k) retirement accounts.

  • 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.

  • Maintains existing exceptions to retirement account exemptions, including alternate payees under qualified domestic relations orders and contributions made within 120 days before bankruptcy filing.

  • 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

Full Bill Text

No bill text available