Section 524.6-309 — Nontestamentary Transfer; Revocation Of Designation.
524.6-309 NONTESTAMENTARY TRANSFER; REVOCATION OF DESIGNATION. Subdivision 1. Nontestamentary transfer on death. (a) 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 sections 524.6-301 to 524.6-311 and is not testamentary. (b) Sections 524.6-301 to 524.6-311 […]
Section 524.6-310 — Terms, Conditions, And Forms For Registration.
524.6-310 TERMS, CONDITIONS, AND FORMS FOR REGISTRATION. (a) A registering entity offering to accept registrations in beneficiary form may establish the terms and conditions under which it will receive requests (i) for registrations in beneficiary form, and (ii) for implementation of registrations in beneficiary form, including requests for cancellation of previously registered TOD beneficiary designations […]
Section 524.6-311 — Application.
524.6-311 APPLICATION. Sections 524.6-301 to 524.6-311 apply to registrations of securities in beneficiary form made before, on, or after June 1, 1992, by decedents dying on or after June 1, 1992. History: 1992 c 461 art 2 s 13
Section 524.8-101 — Provisions For Transition.
524.8-101 PROVISIONS FOR TRANSITION. Except as provided elsewhere in this chapter, on the effective date of this chapter: (1) the chapter applies to any wills of decedents dying thereafter; (2) the chapter applies to any proceedings in court then pending or thereafter commenced regardless of the time of the death of decedent except to the […]
Section 524.8-103 — Early Effective Date.
524.8-103 EARLY EFFECTIVE DATE. Notwithstanding section 524.8-101, the provisions of Laws 1974, chapter 442 relating to bonds found at sections 524.3-603 to 524.3-606 and Laws 1974, chapter 442, article 9, and that portion of Laws 1974, chapter 442, article 8, section 524.8-102, which repeals Minnesota Statutes 1971, sections 525.32 to 525.324, are effective August 1, […]
Section 524.6-215 — Designation Of Agent.
524.6-215 DESIGNATION OF AGENT. (a) By a writing signed by all parties, or by less than all of the parties if the contract of deposit expressly so provides, the parties may designate, as an agent of all parties on an account, a person other than a party. (b) Unless the terms of an agency designation […]
Section 524.6-216 — Types Of Account; Existing Accounts.
524.6-216 TYPES OF ACCOUNT; EXISTING ACCOUNTS. (a) An account may be for a single party or multiple parties. A multiple-party account may be with or without a right of survivorship between the parties. Subject to section 524.6-204, either a single-party account or a multiple-party account may have a P.O.D. designation, an agency designation, or both. […]
Section 524.6-301 — Definitions.
524.6-301 DEFINITIONS. In sections 524.6-301 to 524.6-311: (1) “Beneficiary form” means a registration of a security which indicates the present owner of the security and the intention of the owner regarding the person who will become the owner of the security upon the death of the owner. (2) “Register,” including its derivatives, means to issue […]
Section 524.6-302 — Registration In Beneficiary Form; Sole Or Joint Tenancy Ownership.
524.6-302 REGISTRATION IN BENEFICIARY FORM; SOLE OR JOINT TENANCY OWNERSHIP. Only individuals whose registration of a security shows sole ownership by one individual or multiple ownership by two 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 […]
Section 524.6-303 — Registration In Beneficiary Form; Applicable Law.
524.6-303 REGISTRATION IN BENEFICIARY FORM; APPLICABLE LAW. A security may be registered in beneficiary form if the form is authorized by this or a similar statute of the state of organization of the issuer or registering entity, the location of the registering entity’s principal office, the office of its transfer agent or its office making […]