On Apr. 17, OKL LEG added certain retirement distributions as exempt.
OKL LEG passed HB 4150 expanding bankruptcy exemptions for specified property.
Measure would amend OKL LEG 31-1 by adding to existing section on exemptions.
Bill Provisions
Amends exemption for retirement plans and qualified accounts to include any distributions made from such accounts, plans, or arrangements for the debtor.
Legislative History
On Feb. 5, 2024, bill introduced in House; on Mar. 13, 2024, bill passed House.
On Mar. 18, 2024, bill introduced in Senate; on Apr. 16, 2024, bill passed Senate.
Effectiveness
Upon governor approval or veto override, HB 4150 will be effective Nov. 1, 2024.
Apr. 22, 2024 OKL LEG Governor Approval
On Apr. 22, 2024, OKL LEG Governor approved bill HB 4150, effective Nov. 1, 2024.
Regulators
OKL LEG
Entity Types
CNSM; Corp; Pension
Reference
Bill, 4/22/2024; Bill, HB4150, 4/17/2024; Citation: OKL LEG 31-1;
