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MO HB2763
Bill
Status
3/15/2016
Primary Sponsor
Rochelle Walton Gray
Click for details
AI Summary
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Amends Section 513.427, RSMo to clarify that bankruptcy filers may exempt property protected under both common law and statutory law of Missouri, adding "common and" to existing language
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Continues to prohibit Missouri bankruptcy filers from using federal bankruptcy exemptions under 11 U.S.C. Section 522(d)
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Allows exemptions under other federal laws outside of the federal bankruptcy code's standard exemption list
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Missouri exercises its "opt-out" authority under federal bankruptcy law, requiring debtors to use state-defined exemptions rather than federal exemptions
Legislative Description
Exempts property in bankruptcy which is exempt from attachment or execution under common and statutory law of Missouri or under federal law
Last Action
Referred: Civil and Criminal Proceedings(H)
5/13/2016