1 See Institute Memorandum to Operations Members No. 15-98, Pension Members No. 36-
98, Tax Members No. 16-98, Pension Operations Advisory Committee No. 22-98 and
Transfer Agent Advisory Committee No. 30-98, dated June 22, 1998.
[10122]
July 13, 1998
TO: OPERATIONS MEMBERS No. 20-98
PENSION MEMBERS No. 43-98
PENSION OPERATIONS ADVISORY COMMITTEE No. 28-98
TAX MEMBERS No. 20-98
TRANSFER AGENT ADVISORY COMMITTEE No. 40-98
RE: DELAWARE LAW PROTECTS ROTH IRAS IN BANKRUPTCY
______________________________________________________________________________
Delaware recently passed legislation that adds Roth IRAs to the list of retirement plans
protected from creditor claims. This memorandum updates the 1998 Institute survey of IRA Protection
In Bankruptcy.1 We continue to request that members with information of any relevant legislation or
court decisions regarding the status of IRAs under State bankruptcy and creditor law contact Kathryn
Ricard at (202) 218-3563 or Russ Galer at (202) 326-5835.
A copy of the Delaware bill is attached.
Kathryn A. Ricard
Assistant Counsel
Attachment