45-6-304. Origination of registration in beneficiary form.
52 words·~1 min read·
/nm/chapter-45-uniform-probate-code/article-6-nonprobate-transfers/45-6-304·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.
History: 1978 Comp., § 45-6-304, enacted by Laws 1992, ch. 66, § 40.