Massachusetts § 41 - Exemption from taxation; exception
Full text of Massachusetts Massachusetts General Laws § 41 — Exemption from taxation; exception, with citation guidance and answers to common questions.
§ 41. Exemption from taxation; exception
Section 41. The property of every such association, the right of an employee to an annuity, pension or endowment, and all his rights in the funds of the association, shall be exempt from taxation and from the operation of any law relating to bankruptcy or insolvency, and shall not be attached or taken on execution or other process to satisfy any debt or liability of the employer or of any member of the association.
No assignment of any right in or to said funds or of any pension, annuity or endowment payable under section thirty-nine or forty shall be valid.
Nothing in this section shall prevent an employee's annuity, pension, or endowment from being attached, taken on execution, assigned, or subject to other process to satisfy a support order under chapter two hundred and eight, two hundred and nine, or two hundred and seventy-three.
Frequently Asked Questions About Massachusetts § 41
What does Massachusetts General Laws § 41 cover?
Section 41 ("Exemption from taxation; exception") is part of the Massachusetts General Laws, the codified statutory law of Massachusetts. 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 Massachusetts § 41?
A common citation format is "Massachusetts General Laws § 41" (Massachusetts). 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 Massachusetts law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Massachusetts official source linked on this page or consult a licensed Massachusetts attorney.
How does Massachusetts § 41 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Massachusetts 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 Massachusetts.