2025 Session
Last amended: 1936 session
§ 550.38 — Veteran's Pension, Bonus, or Compensation
Plain-Language Summary
All money received as a veteran's pension, bonus, adjusted compensation, or other benefit from the state of Minnesota or the United States is protected from creditors for one year after receiving it. Creditors cannot garnish, attach, or seize these payments.
550.38 VETERAN’S PENSION, BONUS, OR COMPENSATION.
All moneys paid to any person as a veteran’s pension, bonus, adjusted compensation, allotment, or other benefit by the state of Minnesota or by the United States are exempt from, and shall not be liable to, attachment, garnishment, seizure, or sale on any final process issued out of any court for the period of one year after receipt thereof.
History:
(9447-1) Ex1936 c 112
History: History: (9447-1) Ex1936 c 112
Practical Notes
If you receive VA benefits or other veterans’ payments, that money is protected from debt collectors for a full year after you receive it.