ACT NO. 12
Levy of Execution; Personal Property, Levy and Sale;
Self-Directed Retirement Accounts
This act shields self-directed retirement accounts from attachment and execution. There is a $5,000.00 cap on funds in such accounts that are exempt from attachment by the office of child support. No contribution to an account shall be exempt if made less than one calendar year from the date of filing for bankruptcy.
Effective Date: July 1, 1999