1009.974 Exemption from claims of creditors.—Moneys paid into or out of the trust fund by or on behalf of a purchaser or qualified beneficiary of an advance payment contract or benefactor or designated beneficiary of a participation agreement are exempt, as provided by s. 222.22, from all claims of creditors of the purchaser or the qualified beneficiary of an advance payment contract or the benefactor or designated beneficiary of a participation agreement, respectively, provided that the advance payment contract or participation agreement has not been terminated. Neither moneys paid into the prepaid program or savings program nor benefits accrued through the prepaid program or savings program may be pledged for the purpose of securing a loan.
History.—s. 485, ch. 2002-387.
Section: Previous 1009.97 1009.971 1009.972 1009.973 1009.974 1009.975 1009.976 1009.98 1009.981 1009.982 1009.983 1009.984 1009.985 1009.986 1009.987 NextLast modified: September 23, 2016