GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 2017

H                                                                                                                                                    1

HOUSE BILL 452

 

 

Short Title:      Create Debtor Exemption for Firearms.		(Public)
Sponsors:	Representatives B. Turner, Hardister, and Dobson (Primary Sponsors). For a complete list of sponsors, refer to the North Carolina General Assembly web site.
Referred to:	Judiciary I

March 27, 2017

A BILL TO BE ENTITLED

AN ACT to authorize a debtor to retain firearms valued at up to Five thousand dollars free from the enforcement of the claims of creditors.

The General Assembly of North Carolina enacts:

SECTION 1.  G.S. 1C‑1601(a) reads as rewritten:

"§ 1C‑1601.  What property exempt; waiver; exceptions.

(a)        Exempt property. – Each individual, resident of this State, who is a debtor is entitled to retain free of the enforcement of the claims of creditors:

…

(13)      The debtor's aggregate interest in any lawfully possessed firearms, not to exceed a total of five thousand dollars ($5,000) in value. This exemption shall apply to a total of no more than two handguns and four rifles or shotguns."

SECTION 2.  This act becomes effective October 1, 2017.