The bill amends Section 9-26-4 of the General Laws in Chapter 9-26, which pertains to property exempt from attachment during legal proceedings. It introduces new language to exempt "an account balance, right, or interest of a person in a qualified tuition program of any state authorized under 26 U.S.C. 529," including, but not limited to, prepaid tuition programs, from judicial attachment.

This exemption does not apply if the balance or interest is subject to court orders related to divorce or child support. The bill also maintains existing exemptions for various personal properties, including necessary clothing, working tools, household items, and certain financial assets. Additionally, it specifies that a debtor in bankruptcy may exempt an additional $6,500 in assets and includes provisions for the protection of retirement accounts and pensions under specific federal laws. The act is set to take effect upon passage.

Statutes affected:
730: 9-26-4