Document ID: chunk:federal_register_of_legislation:C2004A01115:clause:1_3
Version: federal_register_of_legislation:C2004A01115
Segment Type: clause
Provision Reference: sch 1 cl 3
Character Range: 16612–17182

3  Subparagraph 9B(2)(h)(iii)
Repeal the subparagraph, substitute:
 (iii) if the legal or equitable interest in the payment resulting from the commutation is transferred:
 (A) on the death of a person, to the benefit of a reversionary beneficiary or, if there is no reversionary beneficiary, to the person's estate; or
 (B) on the death of a reversionary beneficiary (the deceased reversionary beneficiary), to the benefit of another reversionary beneficiary or, if there is no other reversionary beneficiary, to the estate of the deceased reversionary beneficiary; or