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AZ SB1490

Bill

Status

Introduced

1/31/2018

Primary Sponsor

Robert Meza

Click for details

Origin

Senate

Fifty-third Legislature - Second Regular Session (2018)

AI Summary

  • Adds Arizona Revised Statutes section 20-1211 to allow holders of annuities to restore withdrawals made before the annuity commencement date.

  • Permits restoration of withdrawn funds in whole or in part at the annuity holder's discretion.

  • Allows restoration to occur at any time before the annuity commencement date is reached.

  • Applies regardless of other existing laws that may restrict such restoration.

Legislative Description

Annuities; withdrawals; restoration

Restoration

Last Action

Senate read second time

2/1/2018

Full Bill Text

No bill text available