Unless otherwise provided in the beneficiary designation form, each designated beneficiary shall be entitled to equal shares of the lump sum distribution that may be payable from the participant’s account upon the death of the participant.
Cal. Gov. Code § 22970.77
Beneficiary
Added by Stats. 1999, Ch. 307, Sec. 4
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.