ConnecticutShared account money would be protected when debtors lack ownership
People sharing a bank account would have money protected from another holder’s debt when that holder has no rightful ownership share in the money.
What it does
Money in a joint account would be protected from collection of one holder’s debt only to the extent that the person owing the debt does not rightfully own it.
Argument forThis protection could keep someone’s money from being taken to pay another account holder’s debt.
Argument againstDisputes over who rightfully owns money in a shared account could slow creditors’ efforts to collect unpaid debts.
More detail
Creditors would be barred from collecting a person’s debt from joint-account money that the person does not rightfully own. The rule would cover accounts treated as joint accounts under Connecticut section 36a-290. The protection would apply only to money in which the person owing the debt has no equitable interest, meaning no rightful ownership share. The proposed effective date is October 1, 2026. The recorded actions do not establish that the bill became law.
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- May 4HOUSE CALENDAR NUMBER 563Latest
- Vote recorded Senate Roll Call Vote 237. Result: pass.Upper
- May 4FAV. RPT., TABLED FOR HOUSE CALENDARMinor
- May 4TRANSMITTED PURSUANT TO JOINT RULE 17
- May 4SEN. PASSED, SEN. AMEND. SCH. APassed Senate
- May 4SEN. ADOPTED SEN. AMEND. SCH. AMajor
- Apr 13FAV. RPT., TAB. FOR CAL., SEN.Minor
- Apr 13NO NEW FILE BY COMM. ON Judiciary
- Apr 13RPTD. OUT OF LCO
- Apr 13FILED WITH LCOMinor
- Apr 10Joint FavorableMinor
- Apr 8IMMEDIATE TRANSMITTAL TO COMM. ON Judiciary
- Mar 23FILE NO. 125
- Mar 23SENATE CALENDAR NUMBER 98
- Mar 23FAV. RPT., TAB. FOR CAL., SEN.Minor
- Mar 23RPTD. OUT OF LCO
- Mar 16REFERRED TO Office of Legislative Research AND Office of Fiscal Analysis 03/23/26Minor
- Mar 10FILED WITH LCOMinor
- Mar 10Joint Favorable SubstituteMinor
- Feb 27PUBLIC HEARING 0303
- Feb 26REF. TO JOINT COMM. ON BankingIntroduced
- May 4HOUSE CALENDAR NUMBER 563Latest
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