Montana Statutes

§ 19-21-212 — Exemption From Taxation, Legal Process, And Assessments

Montana·Title 19 PUBLIC RETIREMENT SYSTEMS·Ch. 21 UNIVERSITY SYSTEM RETIREMENT PROGRAM·Part 2 Participation -- Benefits

19-21-212 . Exemption from taxation, legal process, and assessments. Except for execution or withholding for the payment of child support or for the payment of spousal support for a spouse or former spouse who is the custodial parent of the child, contracts, benefits, and contributions under the university system retirement program and the earnings on the contributions are:

(1)exempt from any county or municipal tax;
(2)not subject to execution, garnishment, attachment, or other process;
(3)not covered or assessable by an insurance guaranty association; and
(4)unassignable except as specifically provided in the contracts.

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Legislative History

En. Sec. 8, Ch. 494, L. 1987; amd. Sec. 17, Ch. 823, L. 1991; amd. Sec. 20, Ch. 552, L. 1997; amd. Sec. 7, Ch. 382, L. 2009; amd. Sec. 15, Ch. 282, L. 2013; amd. Sec. 47, Ch. 503, L. 2021.

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