13-4.10 – Terms, Conditions, and Forms
§ 13-4.10 Terms, conditions, and forms (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 registration in beneficiary form, including requests for cancellation of previously registered TOD beneficiary designations and […]
13-4.11 – Rules of Construction
§ 13-4.11 Rules of construction (a) This part shall be liberally construed and applied to promote its underlying purposes and policy and to make uniform the laws with respect to the subject of this part among states enacting it. (b) Unless displaced by the particular provisions of this part, the principles of law and equity […]
13-4.12 – Application
§ 13-4.12 Application This part applies to registrations of securities in beneficiary form made before, on or after January first, two thousand six, by decedents dying on or after January first, two thousand six.
13-4.8 – Protection of Registering Entity
§ 13-4.8 Protection of registering entity (a) 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 by […]
13-4.9 – Nontestamentary Transfer on Death
§ 13-4.9 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 this part and is not testamentary. (b) This part does not limit the rights of creditors of security owners […]
13-4.1 – Definitions
§ 13-4.1 Definitions As used in this part unless the context otherwise requires: (a) “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. (b) “Devisee” […]
13-4.2 – Registration in Beneficiary Form; Sole or Joint Tenancy Ownership
§ 13-4.2 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 […]
13-4.3 – Applicable Law
§ 13-4.3 Applicable law A security may be registered in beneficiary form if the form is authorized by this or a similar law of the state of organization of the issue or registering entity, the location of the registering entity’s principal office, the office of its transfer agent or its office making the registration, or […]
13-4.4 – Origination of Registration in Beneficiary Form
§ 13-4.4 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.
13-4.5 – Form of Registration in Beneficiary Form
§ 13-4.5 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 the beneficiary.