Alabama § 45-49A-63.151 - Exclusive Benefit Rule.
Full text of Alabama Code of Alabama § 45-49A-63.151 — Exclusive Benefit Rule., with citation guidance and answers to common questions.
§ 45-49A-63.151. Exclusive Benefit Rule.
Except as otherwise provided in the plan, no part of the corpus or income of the fund shall be used for, or diverted to, purposes other than for the exclusive benefit of members and beneficiaries entitled to benefits under the plan and paying plan expenses not otherwise paid by the city, before the satisfaction of all liabilities with respect to such members and beneficiaries. No person shall have any interest in or right to any part of the earnings of the fund, or any right in, or to, any part of the assets held under the plan, except as and to the extent expressly provided in the plan.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 45-49A-63.151
What does Code of Alabama § 45-49A-63.151 cover?
Section 45-49A-63.151 ("Exclusive Benefit Rule.") is part of the Code of Alabama, the codified statutory law of Alabama. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alabama § 45-49A-63.151?
A common citation format is "Code of Alabama § 45-49A-63.151" (Alabama). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alabama law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alabama official source linked on this page or consult a licensed Alabama attorney.
How does Alabama § 45-49A-63.151 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alabama can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alabama.