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Chapter 354C
Section 354C.165
Recent History
- 2008 354C.165 Amended 2008 c 349 art 9 s 6
- 2003 354C.165 Amended 2003 c 127 art 3 s 22
- 2000 354C.165 Amended 2000 c 461 art 12 s 14
- 1995 354C.165 New 1995 c 141 art 4 s 23
This is an historical version of this statute chapter. Also view the most recent published version.
354C.165 PROHIBITION ON LOANS OR PRETERMINATION DISTRIBUTIONS.
(a) Except as provided in paragraph (c), no participant may obtain a loan or any distribution
from the plan before the participant terminates the employment that gave rise to plan coverage.
(b) No amounts to the credit of the plan are assignable either in law or in equity, or are
subject to execution, levy, attachment, garnishment, or other legal process, except as provided in
section 518.58, 518.581, or 518A.53.
(c) MS 2002 [Expired]
History: 1995 c 141 art 4 s 23; 1997 c 203 art 6 s 92; 2000 c 461 art 12 s 14,20; 2002 c 392
art 7 s 2; 2003 c 127 art 3 s 22; 1Sp2003 c 12 art 6 s 4; 2005 c 164 s 29; 1Sp2005 c 7 s 28
(a) Except as provided in paragraph (c), no participant may obtain a loan or any distribution
from the plan before the participant terminates the employment that gave rise to plan coverage.
(b) No amounts to the credit of the plan are assignable either in law or in equity, or are
subject to execution, levy, attachment, garnishment, or other legal process, except as provided in
section 518.58, 518.581, or 518A.53.
(c) MS 2002 [Expired]
History: 1995 c 141 art 4 s 23; 1997 c 203 art 6 s 92; 2000 c 461 art 12 s 14,20; 2002 c 392
art 7 s 2; 2003 c 127 art 3 s 22; 1Sp2003 c 12 art 6 s 4; 2005 c 164 s 29; 1Sp2005 c 7 s 28
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