292.6509 Nontestamentary transfer on death.
64 words·~1 min read·
/ky/chapter-292/292-6509A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)A 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 KRS 292.6501 to 292.6512 and is not testamentary.
(2)KRS 292.6501 to 292.6512 does not limit the rights of creditors of security owners
against beneficiaries and other transferees under other laws of this Commonwealth.