§572C-4 - Requisites of a valid reciprocal beneficiary relationship.
[§572C-4] Requisites of a valid reciprocal beneficiary relationship. In order to enter into a valid reciprocal beneficiary relationship, it shall be necessary that:
(1) Each of the parties be at least eighteen years old;
(2) Neither of the parties be married nor a party to another reciprocal beneficiary relationship;
(3) The parties be legally prohibited from marrying one another under chapter 572;
(4) Consent of either party to the reciprocal beneficiary relationship has not been obtained by force, duress, or fraud; and
(5) Each of the parties sign a declaration of reciprocal beneficiary relationship as provided in section 572C-5. [L 1997, c 383, pt of §1]