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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
Regular Session, 2010 ENROLLED
SENATE BILL NO. 744
BY SENATOR MARIONNEAUX
AN ACT1
To amend and reenact R.S. 17:3096(G), relative to monies in certain qualified tuition2
programs and civil procedure; to exempt certain funds from attachment, levy,3
garnishment, or legal process; to provide terms and conditions; and to provide for4
related matters.5
Be it enacted by the Legislature of Louisiana:6
Section 1. R.S. 17:3096(G) is hereby amended and reenacted to read as follows: 7
ยง3096. Education savings accounts; creation, terms, and conditions8
* * *9
G. The right of a beneficiary to the assets of an education savings account10
shall not be subject to and is expressly dispensed from collation, execution,11
garnishment, attachment, the operation of bankruptcy or the insolvency laws or other12
process of law. Monies paid into or out of the assets and the income of any13
validly existing qualified tuition program authorized by Section 529 of the14
Internal Revenue Code of 1986 as amended, including but not limited to an15
education savings account as defined in R.S. 17:3092, shall not be liable to16
attachment, levy, garnishment, or legal process in the state in favor of any17
creditor of or claimant against any program participant, owner, or contributor,18
or program.19
PRESIDENT OF THE SENATE
SPEAKER OF THE HOUSE OF REPRESENTATIVES
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED:
ACT No. 671