Statutes, codes, and regulations
Mississippi Code 1972
Title 43 - PUBLIC WELFARE
Chapter 28 - MISSISSIPPI ACHIEVING A BETTER LIFE EXPERIENCE (ABLE) ACT
Section 43-28-21 - Mississippi ABLE Program monies paid into or expended out of the trust fund on behalf of a beneficiary are exempt from creditor claims; prohibition against use as loan collateral

Miss. Code § 43-28-21

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Current through the 2024 Regular Session
Section 43-28-21 - Mississippi ABLE Program monies paid into or expended out of the trust fund on behalf of a beneficiary are exempt from creditor claims; prohibition against use as loan collateral

Monies paid into or expended out of the ABLE Trust Fund by or on behalf of a designated beneficiary are exempt from all claims of creditors of the designated beneficiary if the participation agreement has not been terminated. Monies paid into the Mississippi ABLE Program and benefits accrued through the program may not be pledged for the purpose of securing a loan.

Miss. Code § 43-28-21

Added by Laws, 2017, ch. 350, SB 2311, 11, eff. 3/20/2017.