The cash value, proceeds, or benefits under any matured or unmatured life insurance or annuity contract issued before, on, or after June 2, 1987, by any society authorized to do business under this chapter, is exempt from attachment, garnishment, execution, or other legal process to the extent provided by section 550.37, subdivisions 10, 23, and 24 .
Minn. Stat. § 64B.18
BENEFITS NOT ATTACHABLE.
Applied in 2 court decisions — leading case In Re Tveten (1987)
Most recently applied in TCF Banking & Savings v. Leonard (In Re Erickson) (December 1987)
1985 c 49 s 18; 1987 c 337 s 87; 1987 c 384 art 1 s 3
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.