Payment or refund of wages; estates of decedents; beneficiaries;
release of employer
Sec. 1. Whenever payment or refund is made to an employee,
former employee, or his beneficiary or his heirs, legatees or the
representative of his estate pursuant to a written retirement, death, or
other employee benefit plan or savings plan, such payment or refund
shall fully discharge the employer, former employer, and any trustee
making such payment or refund from all adverse claims thereto
unless, before such payment or refund is made, the employer or
former employer, where the payment or refund is made by the
employer or former employer, has received at its principal place of
business within this state, written notice by or on behalf of some
other person that such other person claims to be entitled to such
payment or refund or some part thereof, or where a trustee is making
the payment or refund, such notice has been received by the trustee
at its home office.
(Formerly: Acts 1957, c.63, s.1.)
Last modified: May 27, 2006