Minn. Stat. Ann. § 176.175 :
176.175. Right to compensation, award
Subdivision 1. Preferred claim. The right to compensation and all compensation awarded any injured employee or for death claims to dependents have the same preference against the assets of the employer as unpaid wages for labor. This compensation does not become a lien on the property of third persons by reason of this preference.
Subd. 2. Nonassignability. No claim for compensation or settlement of a claim for compensation owned by an injured employee or dependents is assignable. Except as otherwise provided in this chapter, any claim for compensation owned by an injured employee or dependents is exempt from seizure or sale for the payment of any debt or liability.
Last Amended: 1999
1999
Laws 1953, c. 755, � 21. Amended by Laws 1986, c. 444; Laws 1999, c. 212, � 1
HISTORICAL AND STATUTORY NOTES
2004 Electronic Update
1999 Legislation
Laws 1999, c. 212, � 1, in subd. 2, inserted "or settlement of a claim for compensation".
Laws 1999, c. 212, � 7, provides in part that � 1 (amending subd. 2) is effective August 1, 1999, and applies to structured settlement agreements entered into on or after August 1, 1999, and the transfer of structured settlement payment rights under a transfer agreement entered into on or after August 1, 1999.
1993 Main Volume