Minnesota Legislature
Office of the Revisor of Statutes
2010 Minnesota Statutes
- Search Minnesota Statutes
- About Minnesota Statutes
- 2010 Statutes New, Amended or Repealed
- 2010 Table of Chapters
- 2010 Statutes Topics (Index)
Chapter 354B
Section 354B.30
Topics
Recent History
- 2003 354B.30 Amended 2003 c 127 art 3 s 21
- 1995 354B.30 New 1995 c 141 art 4 s 15
This is an historical version of this statute chapter. Also view the most recent published version.
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 518A.53.
Official Publication of the State of Minnesota
Revisor of Statutes