Amendment status not verified — confirm the current text below against the official source.
Protection against attoclnmt:——(1) The‘ammmtt standing to the crediit‘ofl any‘membcr inr ther‘fuml shall'not' in any. way. be capable of being assignednor charged" andzshalll nnt‘. hasliabie to attachment under any decree or order of any court imrespsct of‘any debt or liability incurred by the. member and no receiver appointed under the Insolvency Act, 1955 (2 of 1956), shall be' entitled to, or have any claim on, any such amount. (2)‘ Any amount standing to. the; credit of a: mamlier in the fundfat-th‘e time'of hiS‘death and‘payable to his nominee'undér the scheme shall, subject to any. deduction authonsediby' the' scheme, vest in the nominee and shall be free from any debt orrmlien‘liabih‘ty incurred-by the deceasediorthe nominee before the deathzof the member.