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MO HB2135
Bill
Status
3/12/2014
Primary Sponsor
Bonnaye Mims
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AI Summary
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Adds security deposits held by a debtor for rented property to the list of assets exempt from attachment and execution, requiring return to the renter per section 535.300
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Corrects an internal citation in the pension/retirement plan exemption from section 456.072 to section 456.014 of Missouri law
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Preserves existing exemptions for household items (up to $3,000), jewelry, vehicles (up to $3,000), life insurance, Social Security benefits, and retirement plans qualified under federal tax code sections 401(a), 403(a), 403(b), 408, 408A, or 409
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Maintains that child support and maintenance claims are not subject to exemptions, including claims against retirement accounts and security deposits
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Repeals and replaces Missouri Revised Statutes section 513.430 governing property exempt from attachment and execution
Legislative Description
Exempts rental security deposits from attachment and execution in a bankruptcy proceeding
Last Action
Referred: Judiciary(H)
5/16/2014