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NC S540
Bill
Status
3/28/2013
Primary Sponsor
Daniel Clodfelter
Click for details
AI Summary
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Adds "bodily" to describe personal injury compensation exempt from creditor claims in G.S. 1C-1601(a)(8), clarifying the scope of injury-related exemptions.
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Extends the 90-day lookback period for recent property purchases to include "intangible" personal property in addition to tangible property when determining exemption applicability.
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Modifies G.S. 58-24-85 to allow fraternal benefit society payments made payable to a member's estate to be attached for payment of the member's debts, while protecting benefits paid to living beneficiaries from attachment.
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Effective October 1, 2013, with Section 1 applying to claims arising on or after that date and Section 2 applying to benefits paid or payable on or after that date.
Legislative Description
Modify Exemptions/Fraternal Ins. Benefits
Last Action
Ref To Com On Judiciary II
4/1/2013