Exempt property

Exempt property in the American Legislation

Definition of Exempt property provided by the Uniform Probate Code:

Means that property of a decedent’s estate which is described in Section 2-403.

Meaning of Exempt Property in the U.S. Legal System

Definition of Exempt Property published by the National Association for Court Management: In bankruptcy proceedings, this refers to certain property protected by law from the reach of creditors.