Sec. 13.33.303. Registration in beneficiary form; applicable law.
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/ak/title-13/chapter-33/13-33-303A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 13.33.303. Registration in beneficiary form; applicable law.
(a)A security may be registered in beneficiary form if the form is authorized by this or a similar TOD statute of the state of
(1)organization of the issuer or registering entity;
(2)the registering entity's principal office;
(3)the office of the registering entity's transfer agent or the registering entity's office making the registration; or
(4)the owner's address at the time of registration.
(b)A registration governed by the law of a jurisdiction in which this or similar TOD legislation is not in force or was not in force when a registration in beneficiary form was made is nevertheless presumed to be valid and authorized as a matter of contract law.