Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) A purported assignment of the right to receive a lump sum that is, at the time of the purported assignment, a tax - exempt lump sum is not effective at law.
(2) A purported commutation, or other early cashing - out, of the right to receive a lump sum that is, at the time of the purported commutation or cashing - out, a tax - exempt lump sum is not effective at law.