Exempt Assets definition

Exempt Assets means assets which are not considered in the determination of financial eligibility for medical assistance.

Exempt Assets means bonds, debentures, stocks or other securities issued by the Commonwealth, and includes any securities issued by a State or by any authority constituted by a law of a State the interest on which is exempted by the law of that State from income tax.

Exempt Assets. Revenue sharing videos, motor vehicles, and Leasehold Interests.

Examples of Exempt Assets in a sentence

• In this regard, the Commissioner will be guided by the extent to which a different rule would reduce the comparability of dollar amounts of indebtedness and dollar asset values for the base years and the current year.(ii) Exempt assets.

• Exempt assets Capital assets transferred to another municipality or to a municipal entity or to a national or provincial organ of state in circumstances and in respect of categories of assets approved by the National Treasury, provided that such transfers are in accordance with a prescribed framework in terms of the Municipal Asset Transfer Regulations.

• Exempt assets Property that a debtor is allowed to retain, free from the claims of creditors who do not have liens on the property.

• Exempt assets include home furnishings, farm animals, and some other property, as well as decedent’s pension benefits and IRAs. Insurance benefits are also exempt.

• Exempt assets are those that are exempt from forced execution under Chapter 42 of the Texas Property Code and that would be eligible to be set aside under Estates Code Section 353.051 if decedent’s estate were being administered.

More Definitions of Exempt Assets

Exempt Assets means (a) the “Exempt Assets” as such term is defined in the Approved Settlement and Transaction Support Agreement; (b) the Membership Interests in ERG Holdings, LLC; and (c) the Class A ERG Plan Trust Beneficial Interests.

Exempt Assets means the following forms of assets, which will not be considered in determining a patient’s ability to pay or a financial need; the patients primary residence, personal property exempt from judgment under (Nebraska Revised Statute 77-202) and any amounts held in a pension or retirement plan (exclusive of distributions and payments from such plans.

Exempt Assets means the assets described in Article VII of the Plan, if any.

Exempt Assets means the Debtor’s exempt assets set forth in Schedule C of the Debtor’s Schedules of Assets and Liabilities.

Exempt Assets means funds and property that defendant would be able to protect from levy and sale under execution under MCL 600.6023 if they were a judgment debtor. “Gross Income” means funds or compensation periodically received from any source during a 52-week period. Gross income includes, but is not limited to, wages, pensions, stock dividends, rents, insurance benefits, trust income, annuity payments, and public assistance.

Exempt Assets means funds and property that defendant would be able to protect from levy and sale under execution under MCL 600.6023 if they were a judgment debtor or funds and property that defendant would be able to exempt under 11 USC 522 if they were a debtor in a bankruptcy case. Defendant must choose either the state or federal exemptions.

Exempt Assets means those assets which are not con- sidered when determining financial eligibility for AFDC.