AN ACT ESTABLISHING A DEBT COLLECTION EXEMPTION RELATING TO JOINT ACCOUNTS.

Summary

The bill rewrites Connecticut’s general exemption statute (Section 52‑352b) and adds a new protection that shields any portion of a joint‑account balance belonging to a person who does not have an equitable interest. It applies to natural persons who are listed on a joint account but are not financially liable for the debt, preventing creditors from seizing that portion of the account. The change takes effect on October 1, 2026.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share