HB305 (2011) Detail

Relative to the homestead right.


HB 305 – AS INTRODUCED

2011 SESSION

11-0716

05/03

HOUSE BILL 305

AN ACT relative to the homestead right.

SPONSORS: Rep. Sorg, Graf 3

COMMITTEE: Judiciary

ANALYSIS

This bill clarifies that the homestead right is not based upon or subject to principles of equity.

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Explanation: Matter added to current law appears in bold italics.

Matter removed from current law appears [in brackets and struckthrough.]

Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

11-0716

05/03

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Eleven

AN ACT relative to the homestead right.

Be it Enacted by the Senate and House of Representatives in General Court convened:

1 The Homestead Right; Exemption. Amend the introductory paragraph of RSA 480:4 to read as follows:

480:4 Exemption. The homestead right is exempt from attachment during its continuance from levy or sale on execution[,] and from liability to be encumbered or taken for the payment of debts, and shall protect the homestead against every type of claim and judgment, whether at law or in equity, except in the following cases:

2 Effective Date. This act shall take effect 60 days after its passage.