Section 29A-6-402 – Definitions.
29A-6-402. Definitions. Terms used in this part mean: (1)”Beneficiary,” a person who receives property under a transfer on death deed; (2)”Designated beneficiary,” a person designated to receive property in a transfer on death deed; (3)”Joint owner,” any individual who owns property concurrently with one or more other individuals with a right of survivorship. The term […]
Section 29A-6-403 – Transfer on death deed authorized.
29A-6-403. Transfer on death deed authorized. Property may be transferred to one or more beneficiaries by a transfer on a death deed and is effective at the transferor’s death. Source: SL 2014, ch 133, §3.
Section 29A-6-404 – Nonexclusivity.
29A-6-404. Nonexclusivity. This part does not affect any method of transferring property otherwise permitted under the law of this state. Source: SL 2014, ch 133, §4.
Section 29A-6-114 – Payment of P.O.D.
29A-6-114.Payment of P.O.D. Any P.O.D. account may be paid, on request, to any original party to the account. Payment may be made, on request, to the P.O.D. payee or to the personal representative or heirs of a deceased P.O.D. payee upon presentation to the financial institution of proof of death showing that the P.O.D. payee […]
Section 29A-6-301 – Definitions.
29A-6-301. Definitions. In this part: (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 a certificate showing the […]
Section 29A-6-302 – Registration in beneficiary form–Sale or joint tenancy ownership.
29A-6-302. Registration in beneficiary form–Sale 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 hold […]
Section 29A-6-303 – Registration in beneficiary form–Applicable law.
29A-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 the […]
Section 29A-6-304 – Origination of registration in beneficiary form.
29A-6-304. 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: SL 1995, ch 168, §6-304.
Section 29A-6-109 – Payments from joint account to party, personal representative or heirs.
29A-6-109. Payments from joint account to party, personal representative or heirs. Any sums in a joint account may be paid, on request, to any party without regard to whether any other party is incapacitated or deceased at the time the payment is demanded. However, payment may not be made to the personal representative or heirs […]
Section 29A-6-110 – Payment from trust account to trustee, personal representative, heirs or beneficiary.
29A-6-110. Payment from trust account to trustee, personal representative, heirs or beneficiary. Any trust account may be paid, on request, to any trustee. Unless the financial institution has received written notice that the beneficiary has a vested interest not dependent upon his surviving the trustee, payment may be made to the personal representative or heirs […]