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(7)Subject to Part II of the Garnishment, Attachment and Pension Diversion Act and to the Pension Benefits Division Act,
(a)a benefit under this Part or Part III is not capable of being assigned, charged, anticipated or given as security and any transaction that purports to assign, charge, anticipate or give as security any such benefit is void;
(b)a benefit to which a contributor, survivor or child is entitled under this Part or Part III is not capable of being surrendered or commuted during the lifetime of that person except under section 12.1 or subsection 18(2) and any other transaction that purports to so surrender or commute any such benefit is null and void; and
(c)a benefit under this Part or Part III is exempt from attachment, seizure and execution, either at law or in equity.
Federal laws of Canada reproduced under the Reproduction of Federal Law Order (SI/97-5); not the official version. Source: Justice Laws Website.