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MO HB1433

Bill

Status

Introduced

1/6/2010

Primary Sponsor

Tim Flook

Click for details

Origin

House of Representatives

2010 Regular Session

AI Summary

  • Repeals and replaces sections 513.430 and 513.440 of Missouri law relating to property exempt from attachment and execution.

  • Adds unliquidated personal injury claims (excluding compensation for actual pecuniary loss) to the list of exempt property under section 513.430.

  • Changes fraudulent transfer language in retirement plan exemptions from "fraudulent as defined in section 456.630, RSMo" to "transferred with actual intent to hinder, delay, or defraud any creditor" under bankruptcy proceedings.

  • Modifies section 513.440 to increase the dependent child age threshold from eighteen to twenty-one years for calculating family head exemption amounts ($350 per unmarried dependent).

  • Clarifies that motor vehicles exemption applies to multiple vehicles with a combined value cap of $3,000 and that mobile home exemption excludes properties where the debtor owns real property interest.

Legislative Description

Adds an unliquidated personal injury claim, not including compensation for actual pecuniary loss of the debtor, to the list of property that is exempt from attachment and execution

Last Action

Public Hearing Completed (H)

1/27/2010

Committee Referrals

Judiciary1/21/2010

Full Bill Text

No bill text available