Motion to Read a Third Time and Pass
Yes
99
Absent
6
HB94 Alabama 2012 Session
Updated Jul 25, 2021
Summary
- Primary Sponsor
Ron JohnsonRepublican- Session
- Regular Session 2012
- Title
- Retirement accounts, Uniform Probate Code, Roth Individual Retirement Accounts, included as qualified trust for purposes of limitation on assignment and alienation, Sec. 19-3B-508 am'd.
- Description
Under existing law, the Uniform Probate Code provides that a qualified trust may not be assigned or alienated, voluntarily or involuntarily, and is exempt from any bankruptcy or insolvency laws. A qualified trust includes as an Individual Retirement Account (IRA), but does not include a Roth IRA.
This bill would include a Roth IRA under Section 408A of the Internal Revenue Code as a qualified trust under this law.
- Subjects
- Property, Real and Personal
Bill Actions
Delivered to Governor at 11:45 a. m. on May 9, 2012.
Assigned Act No. 2012-381.
Clerk of the House Certification
Signature Requested
Enrolled
Passed Second House
Motion to Read a Third Time and Pass adopted Roll Call 1135
Third Reading Passed
Read for the second time and placed on the calendar
Read for the first time and referred to the Senate committee on Governmental Affairs
Motion to Read a Third Time and Pass adopted Roll Call 188
Read for the second time and placed on the calendar
Third Reading Passed
Read for the first time and referred to the House of Representatives committee on Financial Services
Bill Text
Loading PDF...
Votes
Motion to Read a Third Time and Pass
Yes
28
Abstained
1
Absent
6
Documents
Bill Text (Enrolled)
HB94 Alabama 2012 Session - Enrolled
Bill Text (Introduced)
HB94 Alabama 2012 Session - Introduced
Source: Alabama Legislature