HB 555 (1998): exempting an individual's pensions and individual retirement accounts from bankruptcy attachment.
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@misc{bill-1998-hb555, title = {HB 555 (1998): exempting an individual's pensions and individual retirement accounts from bankruptcy attachment.}, howpublished = {Granite Record}, url = {https://graniterecord.org/bill/1998/hb555}, note = {Accessed 24 Oct. 2026} }
HB 555 (1998)
exempting an individual's pensions and individual retirement accounts from bankruptcy attachment.
- Status: Signed into law
- Term: 1997-1998
- House committee: Judiciary and Family Law
- Senate committee: Insurance
- Subject: Miscellaneous
- Chapter law: 300
The Story
It was introduced on January 9, 1997 and referred to the House Judiciary and Family Law committee. The committee held a public hearing on March 6, 1997. The majority of the committee recommended that the House send it back to committee unanimously, 13–0, and the report was placed on the consent calendar. On March 18, 1997 the bill was referred to the Judiciary and Family Law committee. The committee held work sessions on May 13, 1997, May 15, 1997, May 21, 1997, June 24, 1997, July 2, 1997, September 10, 1997, September 30, 1997 and October 8, 1997. The majority of the committee recommended that the House pass it with changes by a vote of 13–1, and the report was placed on the consent calendar. On January 7, 1998 the House voted to pass it with changes as part of its consent calendar, which it adopted on a roll call 248–8. It crossed to the Senate on January 29, 1998 and was referred to the Senate Insurance committee. The committee held a public hearing on March 18, 1998. The committee voted unanimously, 7–0, to recommend that the Senate pass it with changes. On May 28, 1998 the Senate voted to pass it with changes on a voice vote. On June 10, 1998 the House voted to reject the other chamber's changes on a voice vote. On June 10, 1998 the Senate adopted “Accede to Request for Committee of Conference” on a voice vote. A committee of conference met on June 16, 1998 to try to settle the differences between the two chambers' versions of the bill. On June 18, 1998 the Senate adopted “Conference Committee Report” on a voice vote. On June 18, 1998 the House adopted “Conference Committee Report”. The bill was enrolled on June 18, 1998 — the final check of the text before it goes to the governor. The governor signed it on June 26, 1998, making it Chapter 300 of the session laws. It took effect on January 1, 1999.
Sponsors
- Rep. M. Fuller Clark (Rock 36) (prime sponsor)
- Sen. K. Wheeler (SD21)
Hearings and Sessions
- March 6, 1997, 10:30 AM: hearing, House Judiciary and Family Law, RM208,LOB
- May 13, 1997, 10:15 AM: subcommittee work session, House Judiciary and Family Law, RM208,LOB
- May 15, 1997, 2:30 PM: subcommittee work session, House Judiciary and Family Law, RM208,LOB
- June 24, 1997, 9:30 AM: subcommittee work session, House Judiciary and Family Law, RM208,LOB (REP CLAY)
- July 2, 1997, 10:30 AM: subcommittee work session, House Judiciary and Family Law, RM208,LOB
- September 10, 1997, 10:00 AM: subcommittee work session, House Judiciary and Family Law, RM208,LOB
- September 30, 1997, 9:00 AM: subcommittee work session, House Judiciary and Family Law, RM208,LOB (REP CLAY)
- October 8, 1997, 9:00 AM: subcommittee work session, House Judiciary and Family Law, RM208,LOB :JUDICIARY
- March 18, 1998, 8:30 AM: hearing, Senate Insurance, RM101,LOB
- June 16, 1998, 9:00 AM: committee of conference, RM208,LOB
Votes
- May 28, 1998, Senate: Ought to Pass with Amendment — voice vote, passed
- June 10, 1998, House: Nonconcur and Request Committee of Conference — voice vote, passed
- June 10, 1998, Senate: Accede to Request for Committee of Conference — voice vote, passed
- June 18, 1998, Senate: Conference Committee Report — voice vote, passed
The Docket
- January 9, 1997: INTRODUCED AND REF TO JUDICIARY & F L; HJ17,P260
- February 3, 1997: COPY TO CHAIRMAN ON 02/03/97 DUE ON 03/12/97
- March 6, 1997: HEARING MAR06 10:30 RM208,LOB FOR: JUD
- March 6, 1997: MAJ REPORT RE-REF FOR MAR18 (VOTE 13-0;CC)
- March 18, 1997: RE-REFERRED TO JUDICIARY; HJ40A,P1169
- May 13, 1997: RE-REF SUBCOM WORK SESS MAY13 10:15 RM208,LOB FOR: JUD
- May 15, 1997: RE-REF SUBCOM WORK SESSION MAY15 2:30 RM208,LOB FOR: JUD
- May 21, 1997: RE-REF SUBCOM WK SESS MAY21 & JUN11 10:00 RM208,LOB FOR: JUD
- June 24, 1997: RE-REF SUBCOM WORK SESSION JUN24 09:30 RM208,LOB (REP CLAY)
- July 2, 1997: RE-REF SUBCOM WORK SESS JUL02 10:30 RM208,LOB FOR: JUD
- September 10, 1997: RE-REF SUBCOM WORK SESSION SEP10 10:00 RM208,LOB FOR: JUD
- September 30, 1997: RE-REF SUBCOM WORK SESS SEP30 9:00 RM208,LOB (REP CLAY)
- October 8, 1997: RE-REFER SUBCOM WORK SESS OCT08 9:00 RM208,LOB :JUDICIARY
- October 8, 1997: RE-REF MAJ REPORT OTP/AM FOR 1998 SESSION (VOTE 13-1;CC)
- October 8, 1997: PROP RE-REF MAJ AM<0086>; HC98,P2448
- January 7, 1998: PASSED WITH AM/CONSENT CAL RC(248-8); HJ3,P161-162 + HJ3A,P218
- January 29, 1998: INTRODUCED AND REF TO INSURANCE; SJ2,P25
- March 18, 1998: HEARING MAR18 8:30 RM101,LOB FOR: INSUR
- May 26, 1998: COMM REPORT OTP/AM MAY28 (VOTE 7-0)
- May 26, 1998: PROP COMM AM<1578>; SC36,P4-5
- May 28, 1998: COMM AM, AA VV; PASSED WITH AM VV; SJ17,P435 + 466
- June 4, 1998: <NOTICE OF RECONSIDERATION, SEN RUSSMAN; SJ18,P469>
- June 10, 1998: HOUSE NONC WITH SEN AM REQ CONF COMM, REP J MCCARTHY MA VV; HJ57,P2137
- June 10, 1998: <SPKR APPTS REPS: KEANS, LETENDRE, MOYNIHAN & MIRSKI>
- June 10, 1998: SEN ACCEDED TO REQ FOR CONF COMM, SEN DANAIS MA VV; SJ19,P539
- June 10, 1998: <PRES APPTS SENS: D WHEELER, FRANCOEUR & K WHEELER>
- June 16, 1998: CONF COMM MEETING JUN16 9:00 RM208,LOB
- June 16, 1998: CONF COMM REPORT (SEN AM + NEW AM<2198>) FILED
- June 18, 1998: CONF COMM REPORT ADOPTED VV; SJ20,P648-649
- June 18, 1998: CONF COMM REPORT ADOPTED; HJ60,P2219
- June 18, 1998: ENROLLED; HJ64,P2271
- June 18, 1998: ENROLLED; SJ20,P707
- June 26, 1998: SIGNED BY GOVERNOR 06/26/98 EFF: 01/01/99 CHAP.0300