2005 Minnesota Statutes - 354B.30 — Prohibition on loans or pretermination distributions.

     354B.30 Prohibition on loans or pretermination 
  distributions. 


    (a) No participant may obtain a loan from the plan or 
 obtain any distribution from the plan at a time 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 518.6111.  


    HIST: 1995 c 141 art 4 s 15; 1997 c 203 art 6 s 92; 2003 c 127 
 art 3 s 21