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Glossary of Legislative Terms

SB 534: Equitable Distribution of Marital Assets and Liabilities

GENERAL BILL by Grall

Equitable Distribution of Marital Assets and Liabilities; Requiring a court to consider certain factors when determining if extraordinary circumstances exist; prohibiting certain interspousal gifts unless certain requirements are met; providing that certain actions do not change whether certain real property is marital property; providing that business interest in a closely held business is a marital asset, etc.

Effective Date: 7/1/2024
 Last Action: 2/28/2024 Senate - Laid on Table, companion bill(s) passed, see HB 521 (Ch. 2024-237) -SJ 502
Bill Text: Web Page | PDF
Senate Committee References:
  1. Judiciary (JU)
  2. Children, Families, and Elder Affairs (CF)
  3. Rules (RC)


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Bill History

Date Chamber Action
11/20/2023 Senate • Filed
12/5/2023 Senate • Referred to Judiciary; Children, Families, and Elder Affairs; Rules
1/9/2024 Senate • Introduced
1/11/2024 Senate • On Committee agenda-- Judiciary, 01/16/24, 8:30 am, 412 Knott Building
1/16/2024 Senate • Favorable by Judiciary; YEAS 10 NAYS 0
• Now in Children, Families, and Elder Affairs
1/18/2024 Senate • On Committee agenda-- Children, Families, and Elder Affairs, 01/23/24, 3:30 pm, 37 Senate Building
1/23/2024 Senate • Favorable by Children, Families, and Elder Affairs; YEAS 7 NAYS 0
1/24/2024 Senate • Now in Rules
2/5/2024 Senate • On Committee agenda-- Rules, 02/08/24, 8:30 am, 412 Knott Building
2/8/2024 Senate • Favorable by- Rules; YEAS 20 NAYS 0
• Placed on Calendar, on 2nd reading
2/15/2024 Senate • Placed on Special Order Calendar, 02/21/24
2/21/2024 Senate • Retained on Special Order Calendar -SJ 441
2/22/2024 Senate • Retained on Special Order Calendar -SJ 450
2/28/2024 Senate • Read 2nd time -SJ 501
• Substituted HB 521 -SJ 502
• Laid on Table, companion bill(s) passed, see HB 521 (Ch. 2024-237) -SJ 502