120. Member-funded pension plans are exempt from the application of the following provisions of Division II of Chapter XIII of the Act related to winding-up:1° sections 210.1 and 211 and the second and third paragraphs of section 212.1;
2° Subdivision 3, related to the distribution of assets;
3° Subdivision 4, related to debts of the employer;
4° Subdivision 4.0.1, related to the payment options in the event of insufficient assets;
5° Subdivision 4.1, related to the distribution of surplus assets in the event of termination;
6° section 237.