Marital Dissolution, Annulment and Separation

ORS 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 (Definitions for ORS 107.118 to 107.131).
Chapter 107

Notes of Decisions

Trial court has authority to establish liquidated sum as amount owed by spouse under settlement agreement. Horner and Horner, 119 Or App 112, 849 P2d 560 (1993)

Atty. Gen. Opinions

Emergency or necessity as the only grounds for waiver of 90-day period, (1971) Vol 35, p 982

Law Review Citations

55 OLR 267-277 (1976); 27 WLR 51 (1991)


Source

Last accessed
Jun. 26, 2021