59-3511 Same; vesting of ownership in beneficiary.
59-3511. Same; vesting of ownership in beneficiary. Ownership of a motor vehicle titled in transfer-on-death form, for which an application for a subsequent certificate of title has not been filed, shall vest in the designated beneficiary or beneficiaries on the death of the owner or the last of the joint tenant with right of survivorship […]
59-3512 Same; nontestamentary disposition.
59-3512. Same; nontestamentary disposition. A certificate of title in transfer-on-death form shall not be considered a testamentary disposition or be invalidated due to nonconformity with the provisions of chapter 59 of the Kansas Statutes Annotated, and amendments thereto. History: L. 1997, ch. 138, § 5; Jan. 1, 1998.
59-3513 Other nontestamentary transfers.
59-3513. Other nontestamentary transfers. (a) A provision in the following for a nonprobate transfer on death is nontestamentary: (1) Insurance policy or annuity contract; (2) contract of employment; (3) current employee compensation or benefit program; (4) deferred compensation or pension plan, including programs described in sections 401(a), 403(b), 457 or 501(c)(18) of the federal internal […]
59-3510 Same; beneficiaries; interest; change.
59-3510. Same; beneficiaries; interest; change. The transfer-on-death beneficiary or beneficiaries shall have no interest in the motor vehicle until the death of the owner or the last survivor of the joint tenant with right of survivorship owners. A beneficiary designation may be changed at any time by the owner or all of the joint tenant […]
59-3403 Same; reformation.
59-3403. Same; reformation. Upon the petition of an interested person, a court shall reform a disposition in the manner that most closely approximates the transferor’s manifested plan of distribution and is within the 90 years allowed by subsections (a)(2), (b)(2) or (c)(2) of K.S.A. 59-3401 if: (1) A nonvested property interest or a power of […]
59-3404 Same; exclusions.
59-3404. Same; exclusions. K.S.A. 59-3401, statutory rule against perpetuities, does not apply to: (1) A nonvested property interest or a power of appointment arising out of a nondonative transfer, except a nonvested property interest or a power of appointment arising out of (i) a premarital or postmarital agreement, (ii) a separation or divorce settlement, (iii) […]
59-3405 Same; prospective application.
59-3405. Same; prospective application. (a) Except as extended by subsection (b), this act applies to a nonvested property interest or a power of appointment that is created on or after the effective date of this act. For purposes of this section, a nonvested property interest or a power of appointment created by the exercise of […]
59-3406 Same; short title.
59-3406. Same; short title. This act may be cited as the uniform statutory rule against perpetuities. History: L. 1992, ch. 302, § 6; July 1.
59-3407 Same; uniformity of application and construction.
59-3407. Same; uniformity of application and construction. This act shall be applied and construed to effectuate its general purpose to make uniform the law with respect to the subject of this act among states enacting it. History: L. 1992, ch. 302, § 7; July 1.
59-3408 Same; supersession.
59-3408. Same; supersession. This act supersedes the rule of the common law known as the rule against perpetuities. History: L. 1992, ch. 302, § 8; July 1.