SENATE BILL 169

Sponsored By:

Senator Ramirez

Entitled:

Bankruptcy - Homestead Exemption - Debtor's Residence

Synopsis:

Altering a homestead exemption that an individual may claim in a specified bankruptcy proceeding; clarifying that the exemption for an individual debtor's aggregate interest in owner-occupied real property includes a condominium unit; and authorizing an individual debtor to exempt the debtor's aggregate interest in a cooperative housing corporation that owns property that the owner occupies as a residence.

History by Legislative and Calendar Date

Senate Action

1/24

First Reading Judicial Proceedings

1/26

Hearing 2/3 at 1:00 p.m.

2/2

Hearing cancelled

Hearing 2/3 at 2:00 p.m.

2/28

Favorable with Amendments Report by Judicial Proceedings

3/1

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

3/2

Third Reading Passed (47-0)

4/3

Returned Passed

House Action

3/3

First Reading Judiciary

3/16

Hearing 3/30 at 1:00 p.m.

4/4

Favorable Report by Judiciary

3/31

Favorable Report Adopted

Second Reading Passed

4/2

Third Reading Passed (105-30)

Action after passage in Senate and House

4/12

Approved by the Governor

- Chapter 32

Bill indexed under the following Subjects:

Bankruptcy

Civil Actions -see also- Small Claims

Condominiums

Cooperative Associations

Housing -see also- Apartments; Condominiums; Mobile Homes

Judgments

Real Property

Bill affects the following Statute:

Courts and Judicial Proceedings

( 11-504 )

Documents

Bill Text: First Reading, Third Reading, Enrolled, Chapter

Fiscal and Policy Note: Available

Amendments:

Senate

Number: 458476/01     Offered on: March 1, 2011   at: 10:20 a.m.     Status: Adopted

Committee Votes :

Senate

Judicial Proceedings

House

Judiciary

Roll Call Votes (Legislative dates are shown):

Senate

March 2, 2011: Third Reading Passed (47-0)

House

April 2, 2011: Third Reading Passed (105-30)