All money deposited by a teacher or member or deposited by any other person or corporation, municipal or private, to the credit of a teacher or member of the teachers retirement fund association organized pursuant to this chapter, and all money, rights, and interests or annuities due or to become due to a teacher, member, or annuitant, or their beneficiaries, from any association shall not be assignable, shall be exempt from garnishment, attachment, and execution or sale on any final process issued from a court and other legal process, except as provided in section 518.58 , 518.581 , or 518A.53 , and shall not be subject to the estate tax provisions of this state.
Minn. Stat. § 354A.11
CERTAIN MONEY AND CREDITS OF TEACHERS EXEMPT.
Applied in 1 court decision — leading case In Re McKeag (1989)
Most recently applied in In Re McKeag (August 1989)
(1366-2) 1939 c 72 s 1; 1967 c 605 s 1; 1971 c 789 s 7; 1979 c 217 s 10; 1979 c 303 art 3 s 31; 1982 c 578 art 1 s 9; 1983 c 286 s 11; 1984 c 547 s 8; 1987 c 157 s 7; 1997 c 203…
Official source: Minnesota Office of the Revisor of Statutes. Reproduced from public-domain Minnesota statutes; confirm against the official source for the current text. Not legal advice.