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SF 2508

as introduced - 80th Legislature (1997 - 1998) Posted on 12/15/2009 12:00am

KEY: stricken = removed, old language.
underscored = added, new language.

Current Version - as introduced

  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, not 
  1.12  exceeding $20,000.  The $20,000 exemption provided by this 
  1.13  subdivision shall be increased by $5,000 for each dependent of 
  1.14  the surviving spouse or child.