Kansas Statutes 74-49b12. Same; deferred compensation payment rights not assignable
Current as of: 2023 | Check for updates
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Terms Used In Kansas Statutes 74-49b12
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
No participant or beneficiary shall have the right to commute, sell, assign or otherwise transfer or convey the rights to receive any payments under a participation agreement entered into pursuant to this act and such payments and rights are expressly declared to be and shall be unassignable.