MS HB1376

Expands the exemption from seizure under execution or attachment to include funds in checking or savings accounts at banks, credit unions, savings and loan associations, and other financial institutions, in addition to cash on hand.

Maintains the existing $10,000 cumulative value limit for tangible personal property exemptions selected by the debtor, which now includes the newly expanded financial account exemption.

Applies to the same categories of exempt property including household goods, motor vehicles, professional tools, health aids, and items worth less than $200 each.

Effective date of July 1, 2015.