Delaware Code Title 29 Sec. 5503 – Attachment and assignment of benefits
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Except for orders of the Delaware Family Court for a sum certain payable on a periodic basis or for benefits payable under § 5546 of this title, the benefits provided by this chapter shall not be subject to attachment or execution and shall be payable only to the beneficiary designated and shall not be subject to assignment or transfer.
29 Del. C. 1953, § ?5503; 57 Del. Laws, c. 592, § ?1; 57 Del. Laws, c. 741, § ?38A; 68 Del. Laws, c. 176, § ?1; 78 Del. Laws, c. 115, § ?1;
Terms Used In Delaware Code Title 29 Sec. 5503
- 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