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NC S540

Bill

Status

Introduced

3/28/2013

Primary Sponsor

Daniel Clodfelter

Click for details

Origin

Senate

2013-2014 Session

AI Summary

  • 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.

  • Extends the 90-day lookback period for recent property purchases to include "intangible" personal property in addition to tangible property when determining exemption applicability.

  • 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.

  • 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

Committee Referrals

Judiciary II4/1/2013

Full Bill Text

No bill text available