Bill
Bill > SB00300
summary
Introduced
02/26/2026
02/26/2026
In Committee
03/23/2026
03/23/2026
Crossed Over
Passed
Dead
Introduced Session
2026 General Assembly
Bill Summary
To establish an exemption from debt collection for any part of the balance of an account deemed a joint account in which the exemptioner has no equitable interest.
AI Summary
This bill establishes a new exemption from debt collection for certain funds held in joint accounts, meaning accounts with more than one owner. Specifically, any portion of a joint account balance that belongs to a joint account holder other than the person facing debt collection, and which that other holder deposited or acquired for their own benefit, will be protected from seizure. This protection applies to accounts defined as "joint accounts" under section 36a-290 of the general statutes, and it ensures that funds not truly owned by the debtor, even if in a shared account, cannot be used to satisfy the debtor's obligations.
Committee Categories
Business and Industry
Sponsors (4)
Other Sponsors (1)
Banking Committee (Joint)
Last Action
File Number 125 (on 03/23/2026)
bill text
bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=SB00300&which_year=2026 |
| Bill Analysis For File Copy 125 | https://www.cga.ct.gov/2026/BA/PDF/2026SB-00300-R000125-BA.PDF |
| Fiscal Note For File Copy 125 | https://www.cga.ct.gov/2026/FN/PDF/2026SB-00300-R000125-FN.PDF |
| BillText | https://www.cga.ct.gov/2026/TOB/S/PDF/2026SB-00300-R01-SB.PDF |
| BillText | https://www.cga.ct.gov/2026/TOB/S/PDF/2026SB-00300-R00-SB.PDF |
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