Section 563-C:1 – Title.

    563-C:1 Title. – This act shall be known as the uniform transfer on death (TOD) security registration act. Source. 1997, 231:1, eff. Jan. 1, 1998.

Section 563-C:10 – Nontestamentary Transfer on Death.

    563-C:10 Nontestamentary Transfer on Death. – I. 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 this chapter and is not testamentary. II. This chapter does not limit the rights of creditors of security […]

Section 563-C:11 – Terms, Conditions, and Forms for Registration.

    563-C:11 Terms, Conditions, and Forms for Registration. – I. 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 […]

Section 563-C:12 – Application of Chapter.

    563-C:12 Application of Chapter. – This chapter applies to registrations of securities in beneficiary form made before or after January 1, 1998, by decedents dying on or after January 1, 1998. Source. 1997, 231:1, eff. Jan. 1, 1998.

Section 563-C:2 – Definitions.

    563-C:2 Definitions. – In this chapter: I. "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. II. "Person" means an individual, corporation, organization, or […]

Section 563-C:3 – Registration in Beneficiary Form; Sole or Joint Tenancy Ownership.

    563-C:3 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 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 […]

Section 563-C:4 – Registration in Beneficiary Form; Applicable Law.

    563-C:4 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 […]

Section 563-C:5 – Origination of Registration in Beneficiary Form.

    563-C:5 Origination of Registration in Beneficiary Form. – 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. Source. 1997, 231:1, eff. Jan. 1, 1998.

Section 563-C:6 – Form of Registration in Beneficiary Form.

    563-C:6 Form of Registration in Beneficiary Form. – Registration in beneficiary form may be shown by the words "transfer on death" or the abbreviation "TOD", or by the words "pay on death" or the abbreviation "POD", after the name of the registered owner and before the name of a beneficiary. Source. 1997, 231:1, eff. […]

Section 563-C:7 – Effect of Registration in Beneficiary Form.

    563-C:7 Effect of Registration in Beneficiary Form. – The designation of a TOD beneficiary on a registration in beneficiary form has no effect on ownership until the owner’s death. A registration of a security in beneficiary form may be cancelled or changed at any time by the sole owner or all then surviving owners […]

Section 563-C:8 – Ownership on Death of Owner.

    563-C:8 Ownership on Death of Owner. – On a death of a sole owner or the last to die of all multiple owners, ownership of securities registered in beneficiary form passes to the beneficiary or beneficiaries who survive all owners. On proof of death of all owners and compliance with any applicable requirements of […]

Section 563-C:9 – Protection of Registering Entity.

    563-C:9 Protection of Registering Entity. – I. A registering entity is not required to offer or to accept a request for security registration in beneficiary form. If a registration in beneficiary form is offered by a registering entity, the owner requesting registration in beneficiary form assents to the protections given to the registering entity […]