Bob Wieckowski
- Democratic
Author
Existing law identifies various types of property of a judgment debtor that are exempt from the enforcement of a money judgment. Existing law provides that property described in statute as exempt may be claimed within the time and in the manner prescribed in the applicable enforcement procedure, and property described in statute as exempt without making a claim is not subject to any procedure for enforcement of a money judgment. These general exemptions are available to a debtor in a federal bankruptcy case, whether a money judgment is being enforced by execution sale or other procedure, unless the debtor elects certain alternative exemptions that are applicable only in the bankruptcy case. Existing law requires the Judicial Council to, every 3 years, adjust the amount of the exemptions applicable to exempt property based on the change in the annual California Consumer Price Index for All Urban Consumers. Existing law, the Golden State Scholarshare Trust Act, establishes the Golden State Scholarshare College Savings Trust for the purpose of administering funds contributed by participants as a means of paying for postsecondary education costs. This bill would increase the statutory amounts of various exemptions to reflect the amounts of the exemptions as adjusted by the Judicial Council effective April 1, 2019. The bill would provide that money held in an account owned by the judgment debtor and established pursuant to the Golden State Scholarshare Trust Act is exempt for the purposes described above, subject to specified limits.
Chaptered by Secretary of State. Chapter 81, Statutes of 2020.
Approved by the Governor.
Enrolled and presented to the Governor at 1 p.m.
Assembly amendments concurred in. (Ayes 29. Noes 0. Page 4350.) Ordered to engrossing and enrolling.
Read third time. Passed. (Ayes 74. Noes 0. Page 5199.) Ordered to the Senate.
In Senate. Concurrence in Assembly amendments pending.
Read second time. Ordered to third reading.
From committee: Do pass. (Ayes 11. Noes 0.) (August 12).
From committee with author's amendments. Read second time and amended. Re-referred to Com. on JUD.
July 30 hearing postponed by committee.
July 22 hearing postponed by committee.
Read third time. Passed. (Ayes 35. Noes 2. Page 3676.) Ordered to the Assembly.
In Assembly. Read first time. Held at Desk.
Read second time. Ordered to third reading.
Ordered to second reading.
Withdrawn from committee.
From committee: Do pass and re-refer to Com. on APPR. (Ayes 7. Noes 0. Page 3582.) (May 22). Re-referred to Com. on APPR.
Set for hearing May 22.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on JUD.
From printer. May be acted upon on or after March 1.
Introduced. Read first time. To Com. on RLS. for assignment. To print.
| Bill Text Versions | Format |
|---|---|
| SB898 | HTML |
| 01/30/20 - Introduced | |
| 04/06/20 - Amended Senate | |
| 07/27/20 - Amended Assembly | |
| 08/28/20 - Enrolled | |
| 09/11/20 - Chaptered |
| Document | Format |
|---|---|
| No related documents. |
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