Alabama Code 45-49A-81.07. Payments by trustee; exemption from garnishment levy, etc
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Terms Used In Alabama Code 45-49A-81.07
- Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Garnishment: Generally, garnishment is a court proceeding in which a creditor asks a court to order a third party who owes money to the debtor or otherwise holds assets belonging to the debtor to turn over to the creditor any of the debtor
- state: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Alabama Code 1-1-1
- Trustee: A person or institution holding and administering property in trust.
Directions to the trustee for payments provided herein shall be signed by the regular constituted authorities of the City of Prichard, Alabama. The trustee shall be protected in acting upon any direction delivered to it which upon its face appears to be genuine. No portion of the pension and relief funds shall, before or after its order for distribution be seized or held or be in anywise subject to garnishment or levy or execution or attachment issued out of or by any court of this state or any other state, so far as the same may be sought to respond to the payment or satisfaction of any debt, demand, damage, claim, judgment, or decree against any beneficiary in such fund, but shall be totally exempt therefrom.