38-U.S.C.-3224

38-U.S.C.-3224

§3224 – Death of Participant

Pathway

Title 38 > Part III > Chapter 32 > Subchapter II > Section 3224

Details

  • Reference: Section 3224
  • Legend: §3224 – Death of Participant
  • USCode Year: 2013

Provision Content

In the event of a participants death, the amount of such participants unused contributions to the fund shall be paid to the living person or persons first listed below:

(1) The beneficiary or beneficiaries designated by such participant under such participants Servicemembers’ Group Life Insurance policy.

(2) The surviving spouse of the participant.

(3) The surviving child or children of the participant, in equal shares.

(4) The surviving parent or parents of the participant, in equal shares.

If there is no such person living, such amount shall be paid to such participants estate.

(Added Pub. L. 94–502, title IV, §404, Oct. 15, 1976, 90 Stat. 2395, §1624; amended Pub. L. 96–466, title IV, §402, Oct. 17, 1980, 94 Stat. 2201; renumbered §3224, Pub. L. 102–83, §5(a), Aug. 6, 1991, 105 Stat. 406; Pub. L. 104–275, title IV, §405(c)(2), Oct. 9, 1996, 110 Stat. 3340.)

Amendments

1996—Par. (1). Pub. L. 104–275 substituted Servicemembers’ Group for Servicemens Group.

1991—Pub. L. 102–83 renumbered section 1624 of this title as this section.

1980—Pub. L. 96–466 expanded provisions to require payment of a participants unused contributions to the fund to the surviving spouse, the surviving child or children, or to the surviving parent or parents before payment of such amount to the participants estate.

Effective Date of 1980 Amendment

Pub. L. 96–466, title VIII, §802(d)(2), Oct. 17, 1980, 94 Stat. 2218, provided that: The amendments made by sections 402 through 406 [amending this section and sections 1622, 1631, and 1641 [now 3222, 3231, and 3241] of this title] shall become effective on October 1, 1980.

U.S. Encyclopedia of Law Coverage

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