Alabama § 45-57A-62.26 - Fund Distribution.
Full text of Alabama Code of Alabama § 45-57A-62.26 — Fund Distribution., with citation guidance and answers to common questions.
§ 45-57A-62.26. Fund Distribution.
No portion of the fund, whether in cash, credits, or securities, either before or after its distribution by the board to the person or persons entitled thereto, shall be held, seized, taken, subjected to, detained, or levied upon by virtue of any attachment, garnishment, execution, writ, order, decree, or other process issued out of any court of this state for the satisfaction of any debt, demand, claim, judgment, or decree against any beneficiary of the fund. Nor shall any assignment be made of any portion of the fund, or of any right or interest therein, by any beneficiary or prospective beneficiary thereof; assignments or attempted assignments shall be void. The fund shall be kept, held, and distributed in accordance with this part and for no other purpose. No act of the board, of the governing body of the city, or of any individual, which is authorized or required to be taken under this part, shall create any contractual or vested right hereunder; the Legislature reserves the right to amend, alter, or repeal any and every provision hereof.
Frequently Asked Questions About Alabama § 45-57A-62.26
What does Code of Alabama § 45-57A-62.26 cover?
Section 45-57A-62.26 ("Fund Distribution.") 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 § 45-57A-62.26?
A common citation format is "Code of Alabama § 45-57A-62.26" (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 § 45-57A-62.26 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.