CS/SB 702: Individual Retirement Accounts
GENERAL BILL by Judiciary ; Thurston
Individual Retirement Accounts; Specifying that certain interests received by a transferee after a divorce are exempt from claims of creditors upon being awarded to or received by the transferee; specifying that such interests remain exempt; providing retroactive applicability, etc.
Effective Date: Upon becoming a law
Last Action: 4/30/2021 House - Died in Messages
Bill Text: Web Page | PDF
Last Action: 4/30/2021 House - Died in Messages
Bill Text: Web Page | PDF
Senate Committee References:
- Banking and Insurance (BI)
- Judiciary (JU)
- Rules (RC)
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Bill History
Date Chamber Action 1/21/2021 Senate • Filed
1/28/2021 Senate • Referred to Banking and Insurance; Judiciary; Rules -SJ 86
2/8/2021 Senate • On Committee agenda-- Banking and Insurance, 02/16/21, 3:30 pm, 412 Knott Building
2/16/2021 Senate • Favorable by Banking and Insurance; YEAS 11 NAYS 0 -SJ 177
• Now in Judiciary
2/25/2021 Senate • On Committee agenda-- Judiciary, 03/02/21, 1:30 pm, 412 Knott Building
3/2/2021 Senate • Introduced -SJ 86
• CS by Judiciary; YEAS 11 NAYS 0 -SJ 192
3/4/2021 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
3/5/2021 Senate • Now in Rules
3/10/2021 Senate • CS by Judiciary read 1st time -SJ 231
3/18/2021 Senate • On Committee agenda-- Rules, 03/18/21, 9:00 am, 412 Knott Building --Not Considered
3/22/2021 Senate • On Committee agenda-- Rules, 03/25/21, 9:00 am, 412 Knott Building
3/25/2021 Senate • Favorable by- Rules; YEAS 17 NAYS 0 -SJ 324
• Placed on Calendar, on 2nd reading
4/1/2021 Senate • Placed on Special Order Calendar, 04/07/21 -SJ 378
4/7/2021 Senate • Read 2nd time -SJ 372
• Read 3rd time -SJ 372
• CS passed; YEAS 38 NAYS 0 -SJ 372
• Immediately certified -SJ 378
4/7/2021 House • In Messages
4/30/2021 House • Died in Messages
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CS/SB 702, Committee Substitute 1 (Current Bill Version) Posted 3/4/2021 at 9:13 AM
Bill Text: Web Page | PDF Analyses: Rules (Pre-Meeting) 3/16/2021 (pdf)
Rules (Post-Meeting) 3/25/2021 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 253 Transfers in Divorce Geller Identical Last Action: 4/30/2021 H Died in Insurance & Banking Subcommittee 
Committee Votes (1)
Date Committee Result 3/25/2021 9:00 AM Rules 17 Yeas - 0 Nays Floor Votes (1)
Date Chamber Result 4/7/2021 4:19 PM Senate 38 Yeas - 0 Nays Citations - Statutes (1)
Citation Catchline Location in Bill Location In Bill Help 222.21 Exemption of pension money and certain tax-exempt funds or accounts from legal processes. Page 1 (pdf) -
SB 702, Original Filed Version Posted 1/21/2021 at 10:33 AM
Bill Text: Web Page | PDF Analyses: Banking and Insurance (Pre-Meeting) 2/16/2021 (pdf)
Banking and Insurance (Post-Meeting) 2/16/2021 (pdf)
Judiciary (Pre-Meeting) 3/1/2021 (pdf)
Judiciary (Post-Meeting) 3/4/2021 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 253 Transfers in Divorce Geller Similar Last Action: 4/30/2021 H Died in Insurance & Banking Subcommittee
Committee Amendments (1)
Amendment Sponsor Filed Last Committee Action Format 923642 - Amendment
Delete lines 25 - 33 and insert:Judiciary
(Thurston)3/1/2021
1:24 PMReplaced by Committee Substitute
3/2/2021Web Page
PDFCommittee Votes (2)
Date Committee Result 2/16/2021 3:30 PM Banking and Insurance 11 Yeas - 0 Nays 3/2/2021 1:30 PM Judiciary 11 Yeas - 0 Nays Citations - Statutes (1)
Citation Catchline Location in Bill Location In Bill Help 222.21 Exemption of pension money and certain tax-exempt funds or accounts from legal processes. Page 1 (pdf)