Effective: June 23, 1994 Latest Legislation: House Bill 208 – 120th General Assembly As used in sections 1709.01 to 1709.11 of the Revised Code, unless the context otherwise requires: (A) “Beneficiary form” means a registration of a security that indicates the present owner of the security and the intention of the present owner regarding the […]
Effective: October 1, 1993 Latest Legislation: House Bill 62 – 120th General Assembly Only individuals whose registration of a security shows sole ownership by one individual or multiple ownership by two or more individuals with a right of survivorship, rather than ownership as tenants in common, may obtain registration in beneficiary form. Multiple owners of […]
Effective: October 1, 1993 Latest Legislation: House Bill 62 – 120th General Assembly A security may be registered in beneficiary form if the form is authorized by sections 1709.01 to 1709.11 of the Revised Code or similar laws of the state of organization of its issuer or registering entity, the state in which the principal […]
Effective: October 1, 1993 Latest Legislation: House Bill 62 – 120th General Assembly A security, whether evidenced by a certificate or account, is registered in beneficiary form when the registration includes a designation of a beneficiary to take the ownership of the security at the time of the death of the owner or the deaths […]
Effective: October 1, 1993 Latest Legislation: House Bill 62 – 120th General Assembly Registration in beneficiary form may be shown by the words “transfer-on-death” or the abbreviation “TOD,” after the name of the registered owner and before the name of a beneficiary.
Effective: October 1, 1993 Latest Legislation: House Bill 62 – 120th General Assembly The designation of a transfer-on-death beneficiary on a registration in beneficiary form has no effect on ownership until the death of the owner of a security. A registration in beneficiary form of a security may be canceled or changed at any time […]
Effective: October 1, 1993 Latest Legislation: House Bill 62 – 120th General Assembly Subject to the limitations of section 5731.39 of the Revised Code, on the death of a sole owner or the last to die of all multiple owners, ownership of a security registered in beneficiary form shall pass to the beneficiary or beneficiaries […]
Effective: October 1, 1993 Latest Legislation: House Bill 62 – 120th General Assembly (A) A registering entity is not required to offer or to accept requests 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 […]
Effective: October 1, 1993 Latest Legislation: House Bill 62 – 120th General Assembly (A) Any transfer-on-death resulting from a registration in beneficiary form is effective by reason of the contract regarding the registration between the owner of the security and the registering entity and by reason of sections 1709.01 to 1709.11 of the Revised Code […]
Effective: October 1, 1963 Latest Legislation: House Bill 62 – 120th General Assembly (A) A registering entity offering to accept registrations in beneficiary form may establish the terms and conditions under which it will receive and implement requests for registration in that form, including requests for cancellation of previously registered transfer-on-death beneficiary designations and requests […]
Effective: October 1, 1993 Latest Legislation: House Bill 62 – 120th General Assembly (A) Sections 1709.01 to 1709.11 of the Revised Code shall be known as and may be cited as the “uniform transfer-on-death security registration act.” (B) Sections 1709.01 to 1709.11 of the Revised Code shall be liberally construed and applied to promote their […]
