Minnesota § 354C.165 PROHIBITION ON LOANS OR PRETERMINATION DISTRIBUTIONS

Minnesota Statutes

§ 354C.165 — PROHIBITION ON LOANS OR PRETERMINATION DISTRIBUTIONS

Minnesota § 354C.165

PartRETIREMENT

Ch. 354CHIGHER EDUCATION SUPPLEMENTAL RETIREMENT

This text of Minnesota § 354C.165 (PROHIBITION ON LOANS OR PRETERMINATION DISTRIBUTIONS) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Minn. Stat. § 354C.165 (2026).

Text

(a)No participant may obtain a loan from the plan 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 section518.58,518.581, or518A.53.

(c)MS 2002 [Expired]

(d)Except for a participant in a phased retirement program that is part of an approved collective bargaining agreement, no participant may obtain a distribution from the plan at a time before the participant terminates the employment that gave rise to the plan coverage.

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(a) No participant may obtain a loan from the plan 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 section518.58,518.581, or518A.53.
(c) MS 2002 [Expired]
(d) Except for a participant in a phased retirement program that is part of an approved collective bargaining agreement, no participant may obtain a distribution from the plan at a time before the participant terminates the employment that gave rise to the plan coverage.

Legislative History

1995 c 141 art 4 s 23;1997 c 203 art 6 s 92;2000 c 461 art 12 s 14,20;2002 c 392 art 7 s 2;2003 c 127 art 3 s 22;1Sp2003 c 12 art 6 s 4;2005 c 164 s 29;1Sp2005 c 7 s 28;2008 c 349 art 9 s 6