Section 2-18-101 – Short Title.
2-18-101. Short title. This chapter shall be known as and may be cited as the “Nontestamentary Transfer of Real Property on Death Act.”
Section 2-18-102 – Definitions.
2-18-102. Definitions. (a) As used in this chapter: (i) “Grantee beneficiary” or “grantee” means the person to whom an owner grants an interest in the real property that is the subject of the transfer on death deed; (ii) “Owner” means a person who executes a transfer on death deed as provided in W.S. 2-18-103; (iii) […]
Section 2-18-103 – Transfer on Death Deed.
2-18-103. Transfer on death deed. (a) A deed that conveys an interest in real property, including any debt secured by a lien on real property, to a grantee beneficiary designated by the owner and that expressly states that the deed is effective on the death of the owner transfers the deceased owner’s interest to the […]
Section 2-16-102 – Definitions.
2-16-102. Definitions. (a) As used in this act: (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) “Devisee” means any person designated in […]
Section 2-16-103 – Registration in Beneficiary Form; Sole or Joint Tenancy Ownership.
2-16-103. Registration in beneficiary form; sole or joint tenancy ownership. Only individuals whose registration of a security shows sole ownership by one (1) individual or multiple ownership by two (2) or more individuals with right of survivorship, rather than as tenants in common, may obtain registration in beneficiary form. Multiple owners of a security registered […]
Section 2-16-104 – Registration in Beneficiary Form; Applicable Law.
2-16-104. 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 […]
Section 2-16-105 – Origination of Registration in Beneficiary Form.
2-16-105. 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.
Section 2-16-106 – Form of Registration in Beneficiary Form.
2-16-106. 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.
Section 2-15-103 – Locating Person Entitled; Proceedings if Unable.
2-15-103. Locating person entitled; proceedings if unable. The agent shall, with diligence, attempt to locate the person entitled to the property and notify that person of the agent’s possession thereof. If the agent is unable to locate the person within one (1) year after the agent’s appointment, the agent shall advise the court, with a […]
Section 2-15-104 – Disposition of Unclaimed Property.
2-15-104. Disposition of unclaimed property. When real or personal property remains in the hands of the agent unclaimed for one (1) year, the agent shall petition the court for an order directing the sale of the property. If it appears to the court that it is for the benefit of all interested parties the property […]