Blackwell motion to Adopt
Yes
28
Absent
7
SB337 Alabama 2016 Session
Updated Jul 24, 2021
Summary
- Primary Sponsor
Mark Slade BlackwellRepublican- Session
- Regular Session 2016
- Title
- Trusts, qualified trusts expanded to include certain benefits of qualified pension plans, stock bonus plans, and profit sharing plans to exclude from federal bankruptcy laws, Sec. 19-3B-508 am'd.
- Description
Currently, benefits provided pursuant to a qualified trust may not be assigned and are exempt from certain federal bankruptcy or insolvency laws.
This bill would further define qualified trusts to include trusts formed as part of certain qualified pension plans, qualified stock bonus plans, and profit sharing plans.
- Subjects
- Trusts
Bill Actions
H
Pending third reading on day 28 Favorable from Financial Services
H
Read for the second time and placed on the calendar
S
Engrossed
S
Motion to Read a Third Time and Pass adopted Roll Call 657
S
Blackwell motion to Adopt adopted Roll Call 656
S
Blackwell Amendment Offered
S
Blackwell motion to Adopt adopted Roll Call 655
S
Banking and Insurance Amendment Offered
H
Read for the first time and referred to the House of Representatives committee on Financial Services
S
Third Reading Passed
S
Reported from Banking and Insurance as Favorable with 1 amendment
S
Read for the first time and referred to the Senate committee on Banking and Insurance
Bill Text
Votes
Blackwell motion to Adopt
Yes
28
Absent
7
Motion to Read a Third Time and Pass
Yes
30
Absent
5
Documents
Source: Alabama Legislature