Bill Summary

by Moraitis  CS Sponsors: Judiciary Committee

Effect of Dissolution or Annulment of Marriage on Certain Designations; Provides that designation made by or on behalf of decedent providing for payment or transfer at death of interest in asset to or for benefit of decedent's former spouse becomes void if marriage dissolved or declared invalid before decedent's death, if designation was before dissolution or order; provides for disposition of assets; specifies assets subject to provisions; provides exceptions; provides that payors are not liable for payments or transfers contrary to provisions in certain circumstances; provides that certain provisions apply notwithstanding payor's knowledge; provides that provisions do not affect specified interests & rights; provides applicability. Effective Date: July 1, 2012

   H Civil Justice Subcommittee
   H Judiciary Committee