Section 2-18-104 – Form of Transfer on Death Deed.
2-18-104. Form of transfer on death deed. A transfer on death deed is sufficient if it complies with other applicable law and if it is in substantially the following form: Transfer on Death Deed I (we) …. (owner) hereby convey to …. (grantee beneficiary) effective on my (our) death the following described real property: (Legal […]
Section 2-18-105 – Form for Revoking a Transfer on Death Deed.
2-18-105. Form for revoking a transfer on death deed. An instrument revoking a transfer on death deed is sufficient if it complies with other applicable law and is in substantially the following form: Revocation of Transfer on Death Deed The undersigned hereby revokes the transfer on death deed recorded on …. (date), in deed book […]
Section 2-18-106 – Disclaimer.
2-18-106. Disclaimer. A grantee beneficiary may refuse to accept all or any part of the real property interest conveyed by a transfer on death deed. If a grantee beneficiary refuses to accept or disclaims any real property interest, the grantee beneficiary shall have no liability under this chapter by reason of being designated as grantee […]
Section 2-16-107 – Effect of Registration in Beneficiary Form.
2-16-107. 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 canceled or changed at any time by the sole owner or all then surviving owners without the […]
Section 2-16-108 – Ownership on Death of Owner.
2-16-108. Ownership on death of owner. On 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 the registering entity, […]
Section 2-16-109 – Protection of Registering Entity.
2-16-109. 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 this […]
Section 2-16-110 – Nontestamentary Transfer on Death.
2-16-110. 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 act and is not testamentary. (b) This act does not limit the rights of creditors of security owners against […]
Section 2-16-111 – Terms, Conditions and Forms for Registration.
2-16-111. Terms, conditions and forms for registration. A registering entity offering to accept registrations in beneficiary form may establish the terms and conditions under which it will receive requests (1) for registrations in beneficiary form, and (2) for implementation of registrations in beneficiary form, including requests for cancellation of previously registered TOD beneficiary designations and […]
Section 2-16-112 – Application of Act.
2-16-112. Application of act. This act applies to registrations of securities in beneficiary form made before or after July 1, 1993, by decedents dying on or after July 1, 1993.
Section 2-17-101 – Authority to Authorize Burial or Cremation; Immunity for Funeral Directors and Funeral Service Practitioners.
2-17-101. Authority to authorize burial or cremation; immunity for funeral directors and funeral service practitioners. (a) If a decedent leaves written instructions regarding his entombment, burial or cremation, or a document that designates and authorizes another person to direct disposition of the decedent’s body the funeral director or funeral service practitioner to whom the body […]