Colorado Code § 24-51-212

Funds not subject to legal process
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(1) Except for federal tax liens on
distributions payable by the association, for Colorado tax distraints and liens pursuant to section
39-21-114, C.R.S., on distributions payable by the association, for assignments for child support
purposes as provided for in sections 14-10-118 (1) and 14-14-107, C.R.S., as they existed prior
to July 1, 1996, for income assignments for child support purposes pursuant to section 14-14-
111.5, C.R.S., for writs of garnishment that are the result of a judgment taken for arrearages for
child support or for child support debt, for payments from the association in compliance with a
properly executed court order approving a written agreement entered into pursuant to section 14-
10-113 (6), C.R.S., and for restitution that is required to be paid for the theft, embezzlement,
misappropriation, or wrongful conversion of public property or in the event of a judgment for a
willful and intentional violation of fiduciary duties pursuant to section 24-51-207 where the
offender or a related party received direct financial gain, none of the moneys, trust funds,
reserves, accounts, contributions pursuant to parts 4, 5, 14, 15, 16, and 17 of this article, or
benefits referred to in this article shall be assignable either in law or in equity or be subject to
execution, levy, attachment, garnishment, bankruptcy proceedings, or other legal process.
Member contributions are subject to garnishment resulting from a judgment taken for arrearages
for child support or for child support debt, for restitution that is required to be paid for the theft,
embezzlement, misappropriation, or wrongful conversion of public property or in the event of a
judgment for a willful and intentional violation of fiduciary duties pursuant to section 24-51-207
where the offender or a related party received direct financial gain, only if the membership has
terminated and the member is not vested.
(2) Notwithstanding the provisions of this section, upon service to the association of
orders, injunctions, or warrants issued pursuant to sections 18-17-105 and 18-17-106 or section
16-3-301, C.R.S., applicable to a member contribution account based upon allegations of theft,
embezzlement, misappropriation, or wrongful conversion of public property, a member who
terminates membership is prohibited from receiving a refund of the member's contribution
account and matching employer contributions pursuant to section 24-51-405 or a refund of
member contributions pursuant to part 17 of this article, until a court order or the issuing
authority releases the member contribution account from said orders, injunctions, or warrants.

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