2015 Oregon Revised Statutes
Volume : 03 - Landlord-Tenant, Domestic Relations, Probate
Chapter 107 - Marital Dissolution, Annulment and Separation; Mediation and Conciliation Services; Family Abuse Prevention
Section 107.121 - Revocation of designation of beneficiary upon entry of judgment.
(1) A judgment of dissolution, separation or annulment may revoke a designation of beneficiary made by a principal in favor of a spouse or a relative of the spouse if the designation of beneficiary is revocable as described in subsection (2) of this section.
(2) A designation of beneficiary is revocable for the purposes of this section if the principal at the time of the judgment may, by law or under the terms of the instrument, cancel or change the designation of beneficiary.
(3) A designation of beneficiary is revocable for the purposes of this section without regard to whether the principal is:
(a) Competent at the time of the entry of judgment; or
(b) Able to designate the principal in place of the spouse or in place of the relative of the spouse.
(4) The revocation of a designation of beneficiary under this section becomes effective upon entry of the judgment.
[2005 c.285 §3]
Note: See note under 107.118.
Disclaimer: These codes may not be the most recent version. Oregon may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
