If a designation of beneficiary is revoked under ORS § 107.121, the designation of beneficiary must be given effect as if the spouse or the relative of the spouse had predeceased the principal. [2005 c.285 § 4]

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Terms Used In Oregon Statutes 107.124

  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC

 

See note under 107.118.

 

[1965 c.386 § 3; repealed by 1971 c.280 § 28]

 

[1971 c.280 § 15; 1993 c.716 § 4; 1993 c.763 § 7; 1997 c.801 § 148; repealed by 2003 c.576 § 580]