§ 22-2-12-1 — Payment or refund of wages; estates of decedents; beneficiaries; release of employer

Whenever payment or refund is made to an
employee, former employee, or his beneficiary or his heirs, legatees or
the representative of his estate pursuant to a written retirement, death,
or other employee benefit plan or savings plan, such payment or refund
shall fully discharge the employer, former employer, and any trustee
making such payment or refund from all adverse claims thereto unless,
before such payment or refund is made, the employer or former
employer, where the payment or refund is made by the employer or
former employer, has received at its principal place of business within
this state, written notice by or on behalf of some other person that such
other person claims to be entitled to such payment or refund or some
part thereof, or where a trustee is making the payment or refund, such
notice has been received by the trustee at its home office.
Formerly: Acts 1957, c.63, s.1.