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 […]
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 2-15-104 – 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 […]
Section 2-15-105 – Agent to Render Annual Account; Information to Be Shown; Hearing; Court May Order Sale of Property.
2-15-105. Agent to render annual account; information to be shown; hearing; court may order sale of property. (a) The agent shall render an annual account to the court appointing him showing: (i) The value and character of the property received by him, the portion thereof is still on hand, the portion sold and the proceeds […]