§ 5509
64 words·~1 min read·
/ca/probate-code/5509A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Any transfer on death resulting from a registration in beneficiary form is effective by reason of the contract regarding the registration between the owner and the registering entity and this part and is not testamentary.
(b)This part does not limit the rights of a surviving spouse or creditors of security owners against beneficiaries and other transferees under other laws of this state.