90th General Assembly
Summary of HB3470
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House Sponsors:
CROSS.

Short description: 
CIV PRO-TENANCY BY ENTIRETY                                                

Synopsis of Bill as introduced:
        Amends the Code of Civil Procedure.  Excludes from the  provision      
   prohibiting  property  held in tenancy by the entirety to be sold upon      
   judgment against one creditor, property transferred  into  tenancy  by      
   the  entirety  with  "actual  intent  to  hinder,  delay, or defraud a      
   creditor in violation of the Uniform Fraudulent Transfer Act"  (rather      
   than  with  "the sole intent to avoid the payment of debts existing at      
   the time of the transfer beyond the transferor's ability to pay  those      
   debts  as  they become due".  States that "this amendatory Act of 1998      
   is intended as a clarification of  existing  law  and  not  as  a  new      
   enactment".  Effective immediately.                                         
 
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 



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