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Illinois Statutes Chapter 40. Pensions § 5/19-218. Annuities exempt from execution--Assignments prohibited

Current as of January 01, 2025 | Updated by Findlaw Staff

§ 19-218. Annuities exempt from execution--Assignments prohibited. All annuities granted under the provisions of “The 1905 Act”  1 or this Division shall be exempt from attachment and garnishment process, and no annuitant shall have the right to transfer or assign his or her annuity, either by way of mortgage or otherwise.

1 Former Ill.Rev.Stat. ch. 81, ¶ 55 et seq. (repealed; see, now, 40 ILCS 5/19-201 et seq.).
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Cite this article: FindLaw.com - Illinois Statutes Chapter 40. Pensions § 5/19-218. Annuities exempt from execution--Assignments prohibited - last updated January 01, 2025 | https://codes.findlaw.com/il/chapter-40-pensions/il-st-sect-40-5-19-218/

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