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My husband and I had an Evolv membership. We recently divorced and I would like his name removed from the account. What should I do?
Posted by on 10 April 2012 11:37 AM
During the divorce or entity dissolution process, the parties must adopt one of the following methods of operation:
• One of the parties may, with consent of the other(s), operate the Evolv business pursuant to an assignment in writing whereby the relinquishing spouse, shareholders, partners or trustees authorize Evolv to deal directly and solely with the other spouse or non-relinquishing shareholder, partner or trustee.
• The parties may continue to operate the Evolv business jointly on a “business-as-usual” basis, whereupon all compensation paid by Evolv will be paid according to the status quo as it existed prior to the divorce filing or dissolution proceedings. This is the default procedure if the parties do not agree on the format set forth above.