1. (a) A person entitled to, having an interest in, or sharing a pension or benefit from the trust funds does not, before the actual payment of the pension or benefit, have the right to anticipate, sell, assign, pledge, mortgage, or otherwise dispose of or encumber the pension or benefit.

2. (b) A person's interest, share, pension, or benefit, before the actual payment of the interest, share, pension, or benefit, may not be:

   1. (1) used to satisfy the debts or liabilities of the person entitled to the interest, share, pension, or benefit;
   2. (2) subject to attachment, garnishment, execution, or levy or sale on judicial proceedings; or
   3. (3) transferred by any means, voluntarily or involuntarily.

3. (c) The trustee may pay from the trust fund the amounts that the trustee determines are proper and necessary expenses of the trust fund.

   [Pre-2003 Recodification Citation: 10-1-2-9.]

As added by P.L.2-2003, SEC.3.