Bill Text: IA SF181 | 2011-2012 | 84th General Assembly | Introduced


Bill Title: A bill for an act providing for the modification of property divisions made pursuant to a dissolution of marriage.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2011-12-31 - END OF 2011 ACTIONS [SF181 Detail]

Download: Iowa-2011-SF181-Introduced.html
Senate File 181 - Introduced SENATE FILE 181 BY DANIELSON A BILL FOR An Act providing for the modification of property divisions 1 made pursuant to a dissolution of marriage. 2 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 3 TLSB 2244XS (3) 84 pf/nh
S.F. 181 Section 1. Section 598.21, subsection 7, Code 2011, is 1 amended to read as follows: 2 7. Not subject to Limited modification. 3 a. Property Except as provided in paragraph “b” , property 4 divisions made under this chapter are not subject to 5 modification. 6 b. The portion of a property division which constitutes 7 an order intended to be a qualified domestic relations 8 order affecting pension, profit sharing, or stock bonus 9 plans pursuant to the United States Internal Revenue Code is 10 modifiable only for the purpose of establishing or maintaining 11 the order as a qualified domestic relations order or to revise 12 or confirm the order’s terms to effectuate the expressed intent 13 of the order. 14 EXPLANATION 15 This bill allows an exception to the proscription against 16 modification of property divisions made under the dissolution 17 of marriage and domestic relations Code chapter. The exception 18 provides that the portion of a property division which 19 constitutes an order intended to be a qualified domestic 20 relations order (QDRO) affecting pension, profit sharing, 21 or stock bonus plans is modifiable only for the purpose of 22 establishing or maintaining the order as a QDRO or to revise or 23 confirm the order’s terms to effectuate the expressed intent 24 of the order. 25 -1- LSB 2244XS (3) 84 pf/nh 1/ 1
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