71-3-43 - Assignment and exemption from claims of creditors. - Mississippi Statutes

§ 71-3-43. Assignment and exemption from claims of creditors.
 

No assignment, release, or commutation of compensation or benefits due or payable under this chapter, except as provided by this chapter, shall be valid; and such compensation and benefits shall be exempt from all claims of creditors and from levy, execution, and attachment or other remedy for recovery or collection of a debt, which exemption may be waived. This section prevails over Sections 75-9-406 and 75-9-408 of Article 9 of the Uniform Commercial Code to the extent, if any, that these sections may otherwise be applicable. 
 

Sources: Codes, 1942, § 6998-22; Laws,  1948, ch. 354, § 16; reenacted without change, 1982, ch. 473, § 22; reenacted without change, 1990, ch. 405, § 23; Laws, 2001, ch. 495, § 23, eff from and after Jan. 1, 2002.