Bill Summary

HB 521 Equitable Distribution of Marital Assets and Liabilities (2024 Session)
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Sponsors
by Koster Co Sponsors: Lopez (J), Rizo, Trabulsy
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Summary
Equitable Distribution of Marital Assets and Liabilities: Requires court to consider certain factors when determining if extraordinary circumstances exist; provides certain actions do not change whether real property is marital property; provides that business interests in closely held business is marital asset; requires court to consider certain factors when determining value of such interest; provides that certain real property is nonmarital asset. Effective Date: July 1, 2024
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committees of reference
   H Civil Justice Subcommittee
   H Judiciary Committee
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Actions
11/17/23
HOUSE 
Filed
11/30/23
HOUSE 
Referred to Civil Justice Subcommittee; Judiciary Committee
11/30/23
HOUSE 
Now in Civil Justice Subcommittee
01/09/24
HOUSE 
On Committee agenda - Civil Justice Subcommittee, 01/11/24, 2:00 pm, 404 H
01/11/24
HOUSE 
Favorable by Civil Justice Subcommittee; 16 Yeas, 0 Nays
01/12/24
HOUSE 
Now in Judiciary Committee
01/26/24
HOUSE 
On Committee agenda - Judiciary Committee, 01/30/24, 12:30 pm, 404 H
01/30/24
HOUSE 
Favorable by Judiciary Committee; 20 Yeas, 0 Nays
01/30/24
HOUSE 
Placed on Calendar, on 2nd reading
02/15/24
HOUSE 
Placed on Special Order Calendar, 02/21/24
02/21/24
HOUSE 
Read Second Time; Placed on Third Reading, 02/22/24
02/22/24
HOUSE 
Read Third Time; Passed (Vote: 117 Yeas / 0 Nays)
02/22/24
SENATE
In Messages
02/23/24
SENATE
Received; Referred to Rules
02/28/24
SENATE
Withdrawn from Rules; Placed on Calendar, on 2nd Reading; Substituted for SB 0534; Read Second Time; Read Third Time; Passed (Vote: 38 Yeas / 0 Nays)
02/28/24
HOUSE 
Ordered enrolled
02/28/24
HOUSE 
Enrolled Text (ER) Filed
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bill text & filed amendments
0521
Filed on 11/17/23
PDF
No amendments to this bill text filed.
0521ER
Filed on 02/28/24
PDF
No amendments to this bill text filed.
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Statute Citations
61.075
Research & Reports
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