Assertion: decree | /r/CapableOf | designate other former spouse
Facets:
value: as the beneficiary
type: MANNER
Source sentences:
text: If a decree of divorce or annulment is rendered after a spouse, acting in the capacity of a participant, annuitant, or account holder, has designated the other spouse as a beneficiary under an individual retirement account, employee stock option plan, stock option, or other form of savings, bonus, profit-sharing, or other employer plan or financial plan of an employee or a participant in force at the time of rendition, the designating provision in the plan in favor of the other former spouse is not effective unless: (1) the decree designates the other former spouse as the beneficiary; (2) the designating former spouse redesignates the other former spouse as the beneficiary after rendition of the decree; or (3) the other former spouse is designated to receive the proceeds or benefits in trust for, on behalf of, or for the benefit of a child or dependent of either former spouse.