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Glossary of Legislative Terms

SB 534: Equitable Distribution of Marital Assets and Liabilities

GENERAL BILL by Grall

Equitable Distribution of Marital Assets and Liabilities; Requiring a court to consider certain factors when determining if extraordinary circumstances exist; prohibiting certain interspousal gifts unless certain requirements are met; providing that certain actions do not change whether certain real property is marital property; providing that business interest in a closely held business is a marital asset, etc.

Effective Date: 7/1/2024
 Last Action: 2/28/2024 Senate - Laid on Table, refer to HB 521 -SJ 502
Bill Text: Web Page | PDF
Senate Committee References:
  1. Judiciary (JU)
  2. Children, Families, and Elder Affairs (CF)
  3. Rules (RC)

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  • Bill History

    Date Chamber Action
    11/20/2023 Senate • Filed
    12/5/2023 Senate • Referred to Judiciary; Children, Families, and Elder Affairs; Rules
    1/9/2024 Senate • Introduced
    1/11/2024 Senate • On Committee agenda-- Judiciary, 01/16/24, 8:30 am, 412 Knott Building
    1/16/2024 Senate • Favorable by Judiciary; YEAS 10 NAYS 0
    • Now in Children, Families, and Elder Affairs
    1/18/2024 Senate • On Committee agenda-- Children, Families, and Elder Affairs, 01/23/24, 3:30 pm, 37 Senate Building
    1/23/2024 Senate • Favorable by Children, Families, and Elder Affairs; YEAS 7 NAYS 0
    1/24/2024 Senate • Now in Rules
    2/5/2024 Senate • On Committee agenda-- Rules, 02/08/24, 8:30 am, 412 Knott Building
    2/8/2024 Senate • Favorable by- Rules; YEAS 20 NAYS 0
    • Placed on Calendar, on 2nd reading
    2/15/2024 Senate • Placed on Special Order Calendar, 02/21/24
    2/21/2024 Senate • Retained on Special Order Calendar -SJ 441
    2/22/2024 Senate • Retained on Special Order Calendar -SJ 450
    2/28/2024 Senate • Read 2nd time -SJ 501
    • Substituted HB 521 -SJ 502
    • Laid on Table, refer to HB 521 -SJ 502

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  • SB 534, Original Filed Version (Current Bill Version) Posted 11/20/2023 at 12:22 PM

    Bill Text:   Web Page | PDF
    Analyses:   Judiciary (Pre-Meeting) 1/11/2024 (pdf)
    Judiciary (Post-Meeting) 1/16/2024 (pdf)
    Children, Families, and Elder Affairs (Pre-Meeting) 1/21/2024 (pdf)
    Children, Families, and Elder Affairs (Post-Meeting) 1/24/2024 (pdf)
    Rules (Pre-Meeting) 2/7/2024 (pdf)
    Rules (Post-Meeting) 2/8/2024 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 521 (er) Equitable Distribution of Marital Assets and Liabilities Koster Identical Last Action: 2/28/2024 H Ordered enrolled Track This Bill

    Committee Votes (3)

    Date Committee Result
    1/16/2024 8:30 AM Judiciary 10 Yeas - 0 Nays
    1/23/2024 3:30 PM Children, Families, and Elder Affairs 7 Yeas - 0 Nays
    2/8/2024 8:30 AM Rules 20 Yeas - 0 Nays

    Citations - Statutes (1)

    Citation Catchline Location in Bill Location In Bill Help
    61.075 Equitable distribution of marital assets and liabilities. Page 1 (pdf)

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