<br><br>40.160 Claims and payments nonassignable, exempt from taxation and from claims <br>of creditors and process of courts until received. <br>(1) Claims for payment of veterans' bonus shall not be assignable before or after <br>approval thereof; and any attempted or purported assignment received by or <br>tendered to any officer of the Commonwealth shall be void, need not be <br>acknowledged or returned, and may be disregarded. <br>(2) Payments of the veterans' bonus shall be exempt from all taxation by the <br>Commonwealth, its political subdivisions and taxing districts. <br>(3) No claim for payment of a veterans' bonus and no payment made by the <br>Commonwealth under this chapter shall give rise to a cause of action against the <br>Commonwealth or any of its officers, agents, or employees, and no claim for <br>payment shall be subject to attachment, levy, garnishment, or seizure by or under <br>any legal or equitable process whatever; but this provision shall not extend <br>exemption from legal process to the proceeds of any veterans' bonus payment after <br>the same has been received from the Commonwealth. <br>(4) The Commonwealth does not consent to be sued in any court with regard to any <br>matter connected with or arising out of claims for payment of the veterans' bonus <br>herein authorized. <br>Effective: February 20, 1960 <br>History: Created 1960 Ky. Acts ch. 15, sec. 16, effective February 20, 1960. <br><br>