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MS HB1071

MS HB1071
Property exempt from seizure under execution or attachment; include Roth individual retirement accounts.


summary

Introduced
02/14/2020
In Committee
05/11/2020
Crossed Over
03/12/2020
Passed
06/15/2020
Dead
Signed/Enacted/Adopted
06/22/2020

Introduced Session

2020 Regular Session

Bill Summary

An Act To Amend Section 85-3-1, Mississippi Code Of 1972, To Provide That A Roth Individual Retirement Account Is Exempt From Seizure Under Execution Or Attachment; And For Related Purposes.

AI Summary

This bill amends Section 85-3-1 of the Mississippi Code of 1972 to provide that a Roth individual retirement account (Roth IRA) is exempt from seizure under execution or attachment, in addition to other types of retirement accounts that were already exempt. The bill also makes some other minor changes to the list of property that is exempt from seizure in Mississippi.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

Approved by Governor (on 06/22/2020)

bill text


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