Ala. Code § 45-37-123.195

Current through the 2024 Regular Session.
Section 45-37-123.195 - Receipt and release for payments

Any payment to any member, the member's legal representative, designated beneficiary, or to any guardian or committee appointed for such member or designated beneficiary in accordance with the plan, to the extent thereof, shall be in full satisfaction of all claims hereunder against the trustee, the county, and the pension board each of whom may require such member, legal representative, designated beneficiary, guardian, or committee, as a condition precedent to such payment, to execute a receipt and release thereof or an indemnification agreement or both in such form as shall be determined by the pension board.

Ala. Code § 45-37-123.195 (1975)

Amended by Act 2024-260,§ 1, eff. 6/1/2024.
Amended by Act 2019-243,§ 1, eff. 8/1/2019.
Act 2013-415, p. 1586, § 2 :9.6.