as introduced - 80th Legislature (1997 - 1998) Posted on 12/15/2009 12:00am
Engrossments | ||
---|---|---|
Introduction | Posted on 01/29/1998 |
1.1 A bill for an act 1.2 relating to property; providing an exemption for 1.3 certain property from attachment, garnishment, or 1.4 sale; amending Minnesota Statutes 1996, section 1.5 550.37, subdivision 10. 1.6 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.7 Section 1. Minnesota Statutes 1996, section 550.37, 1.8 subdivision 10, is amended to read: 1.9 Subd. 10. All money received by, or payable to, a 1.10 surviving spouse or child from a policy of life insurance or an 1.11 annuity payable at the death of a spouse,or parent, not1.12exceeding $20,000. The $20,000 exemption provided by this1.13subdivision shall be increased by $5,000 for each dependent of1.14the surviving spouse or child.