Louisiana Revised Statutes 11:3723 – Funds not subject to claims against beneficiaries
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Terms Used In Louisiana Revised Statutes 11:3723
- 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
The fund, or any portion thereof, before or after an order for its distribution is issued, shall be exempt from assignment or pledge by a beneficiary of the fund or from seizure by virtue of any judicial process issued against the beneficiary.
Acts 1968, No. 641, §2; Redesignated from La. Rev. Stat. 33:2363 by Acts 1991, No. 74, §3, eff. June 25, 1991.