SB 561 (1994): limiting the right of seizure, setoff, or attachment against an individual retirement account or a simplified employee pension.
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@misc{bill-1994-sb561, title = {SB 561 (1994): limiting the right of seizure, setoff, or attachment against an individual retirement account or a simplified employee pension.}, howpublished = {Granite Record}, url = {https://graniterecord.org/bill/1994/sb561}, note = {Accessed 24 Oct. 2026} }
SB 561 (1994)
limiting the right of seizure, setoff, or attachment against an individual retirement account or a simplified employee pension.
- Status: Signed into law
- Term: 1993-1994
- House committee: Judiciary
- Senate committee: Insurance
- Subject: Miscellaneous
- Chapter law: 47
The Story
It was introduced on January 5, 1994 and referred to the Senate Insurance committee. The committee held a public hearing on January 13, 1994. The committee recommended that the Senate pass it with changes. On January 20, 1994 the Senate voted to pass it with changes on a voice vote. It crossed to the House on February 3, 1994 and was referred to the House Judiciary committee. The committee held public hearings on March 3, 1994 and March 7, 1994. The majority of the committee recommended that the House pass it with changes unanimously, 17–0, and the report was placed on the consent calendar. On March 31, 1994 the House voted to pass it with changes. On April 14, 1994 the Senate voted to agree to the other chamber's changes on a voice vote. The bill was enrolled on April 21, 1994 — the final check of the text before it goes to the governor. The governor signed it on April 28, 1994, making it Chapter 47 of the session laws. It took effect on January 1, 1995.
Sponsors
- Sen. Hollingworth (SD23) (prime sponsor)
- Sen. Fraser (SD4)
- Sen. Disnard (SD8)
- Rep. M. Fuller Clark (Rock 31)
- Rep. Lindblade (Sull 7)
- Rep. Loder (Straf 8)
- Rep. Syracusa (Rock 33)
- Rep. B. Packard (Hills 19)
Hearings and Sessions
- January 13, 1994, 3:00 PM: hearing, Senate Insurance, RM101,LOB
- March 3, 1994, 1:00 PM: hearing, House Judiciary, RM208,LOB
- March 7, 1994, 1:00 PM: hearing, House Judiciary, RM208,LOB
Votes
- January 20, 1994, Senate: Ought to Pass with Amendment — voice vote, passed
- April 14, 1994, Senate: Concur — voice vote, passed
The Docket
- January 5, 1994: INTRODUCED AND REF TO INSURANCE; SJ1,P9
- January 13, 1994: HEARING JAN13 03:00 RM101,LOB FOR: INSURANCE
- January 19, 1994: COMM REPORT OTP/AM JAN20
- January 19, 1994: PROP COMM AM<4591>(NEW TITLE); SC4,P5-6
- January 20, 1994: COMM AM, AA VV; PASSED WITH AM VV; SJ2,P33 + 38
- February 3, 1994: INTRODUCED AND REF TO JUDICIARY; HJ17,P491
- February 4, 1994: IN SEAT POCKET ON 02/03/94 DUE ON 04/28/94
- March 3, 1994: HEARING MAR03 01:00 RM208,LOB FOR: JUDICIARY
- March 7, 1994: CONTINUED HEARING MAR07 01:00 RM208,LOB FOR: JUDICIARY
- March 24, 1994: MAJ REPORT OTP/AM FOR MAR31 (VOTE 17-0;CC)
- March 24, 1994: PROP COMM AM<5614>(NEW TITLE); HC41,P1390-1391
- March 31, 1994: PASSED WITH AM; HJ45,P1471 + 1485
- April 14, 1994: SENATE CONC WITH HOUSE AM, SEN DELAHUNTY MA VV; SJ11,P274-275
- April 21, 1994: ENROLLED; SJ12,P301
- April 21, 1994: ENROLLED; HJ58,P1848
- April 28, 1994: SIGNED BY GOVERNOR 04/28/94 EFF: 01/01/95 CHAP.0047