Section 31-7-2
Assignment, attachment, etc., prohibited; bonus not subject to state taxation.
No assignment or pledge as security for a loan or any right or claim to the bonus under this chapter shall be valid. No sum payable under this chapter to a veteran shall be subject to attachment, levy, or seizure under any legal or equitable process, or be subject to taxation, either as income or otherwise, by the State of Alabama.
(Acts 1973, No. 760, p. 1138, §2.)