Sec. 4. Origination of registration in beneficiary form.
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/il/chapter-815/act-10/4A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 4. Origination of registration in beneficiary form. A security, whether evidenced by certificate or account, is registered in beneficiary form when the registration includes a designation of a beneficiary to take the ownership at the death of the owner or the deaths of all multiple owners.