Chapter 367 |
2022 -- S 2711 Enacted 06/29/2022 |
A N A C T |
RELATING TO COURTS AND CIVIL PROCEDURE -- PROCEDURE GENERALLY--LEVY AND SALE ON EXECUTION |
Introduced By: Senators Goodwin, and Ruggerio |
Date Introduced: March 17, 2022 |
It is enacted by the General Assembly as follows: |
SECTION 1. Section 9-26-4 of the General Laws in Chapter 9-26 entitled "Levy and Sale |
on Execution" is hereby amended to read as follows: |
9-26-4. Property exempt from attachment. |
The following goods and property shall be exempt from attachment on any warrant of |
distress or on any other writ, original, mesne, or judicial: |
(1) The necessary wearing apparel of a debtor or of the debtor's family, if he or she has a |
family. |
(2) The working tools of a debtor necessary in the debtor's usual occupation, not exceeding |
in value the sum of two thousand dollars ($2,000), and the professional library of any professional |
person in actual practice. |
(3) The household furniture, clothing, and family stores of a debtor, including beds and |
bedding, not exceeding in value the sum of nine thousand six hundred dollars ($9,600). |
(4) The bibles, school books, and other books in use in the family, not exceeding in value |
the sum of three hundred dollars ($300). |
(5) The debtor's interest in one lot or right of burial, as the case may be, in any cemetery. |
(6) Wages due or accruing to any sailor. |
(7) Debts secured by bills of exchange or negotiable promissory notes. |
(8)(i) The entire salary or wages of any debtor due or payable from any charitable |
corporation, or from any person or corporation engaged in the disbursement or administration of |
any public charitable fund or money, whenever the salaries or wages are to be paid or supplied, |
directly or indirectly, from any fund or money appropriated or contributed for the relief of the poor |
or in aid of unemployment, and the debtor is the object of the relief or aid. |
(ii) The entire wages or salary of any debtor due or payable from any employer, where the |
debtor has been the object of relief from any state, federal, or municipal corporation or agency for |
a period of one year from and after the time when the debtor ceases to be the object of such relief. |
(iii) The salary or wages due or payable to any other debtor, not exceeding the sum of fifty |
dollars ($50.00). |
(9) The salary and wages of the wife and the minor children of any debtor. |
(10) Such other property, real, personal, or mixed, in possession or actions as is or shall be |
exempted from attachment and execution, either permanently or temporarily, by general or special |
acts, charters of incorporation, or by the policy of the law. |
(11) An individual retirement account or individual retirement annuity as defined in the |
Internal Revenue Code, 26 U.S.C. §§ 408 and 408A, and the payments or distributions from such |
an account or annuity, except that this exemption does not apply to any of the following: |
(i) An order of a court pursuant to a judgment of divorce or separate maintenance. |
(ii) An order of a court concerning child support. |
(iii) Contributions to an individual retirement account, or premiums on an individual |
retirement annuity, including the earnings or benefits from those contributions or premiums that |
constitute an excess contribution within the meaning of Section 4973 of the Internal Revenue Code, |
[26 U.S.C. § 4973]. |
(12) The right or interest of a person in an annuity, pension, profit sharing, or other |
retirement plan protected by the Employee Retirement Income Security Act of 1974, Public Law |
93-406, 29 U.S.C. § 1001 et seq. This exemption shall also apply to the operation of the Federal |
Bankruptcy Code, as permitted by 11 U.S.C. § 522(d)(10)(E). This exemption shall not apply to |
the right or interest of a person in an annuity, pension, profit sharing, or other retirement plan to |
the extent that that right or interest is subject to any of the following: |
(i) An order of the court pursuant to a judgment of divorce or separated separate |
maintenance. |
(ii) An order of a court concerning child support. |
This exemption shall not apply to contributions to, and the earnings of, any of the |
retirement plans enumerated in this subdivision that are not qualified retirement plans as defined |
by the Internal Revenue Code, 26 U.S.C. § 401. |
(13) Any and all motor vehicles owned by the debtor not to exceed an aggregate total of |
twelve thousand dollars ($12,000). |
(14) Any and all jewelry owned by the debtor not to exceed an aggregate total of two |
thousand dollars ($2,000). |
(15) An account balance, right, or interest of a person in a "prepaid tuition program" or a |
"tuition savings program" as defined in § 16-57-3(10) and (16), respectively. This exemption shall |
not apply to a balance, right, or interest to the extent that the balance, right, or interest is subject to |
any of the following: |
(i) An order of a court pursuant to a judgment of divorce or separate maintenance; |
(ii) An order of a court concerning child support. |
(16) In addition to the exemptions herein, a debtor in bankruptcy may exempt an additional |
six thousand five hundred dollars ($6,500) in any assets. |
(17) The real property of any person having debts secured by casino-issued lines of credit, |
also known as "casino markers," that are issued to casino patrons by the casino credit department |
or other department or agency of the casino. |
(18) Savings or other deposits held in a banking, or financial institution not exceeding the |
sum of five hundred dollars ($500). |
SECTION 2. This act shall take effect upon passage. |
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LC005527 |
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