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Code · Michigan · Chapter 700 — Estates and Protected Individuals Code

700.6302 Registration in beneficiary form; sole or joint tenancy ownership.

100 words·~1 min read·/mi/chapter-700/700-6302

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700.6302 Registration in beneficiary form; sole or joint tenancy ownership.
Sec. 6302.
Only an individual whose registration of a security shows sole ownership by 1 individual or multiple ownership by 2 or more with right of survivorship, rather than as tenants in common, may obtain registration in beneficiary form. Multiple owners of a security registered in beneficiary form hold as joint tenants with right of survivorship or as tenants by the entireties, and not as tenants in common.
History: 1998, Act 386 , Eff. Apr. 1, 2000 ;-- Am. 2000, Act 54 , Eff. Apr. 1, 2000
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