Statutes > Alabama Statutes > Title 8 — COMMERCIAL LAW AND CONSUMER PROTECTION. > Chapter 6 — SECURITIES. > Section 8-6-143 Registration - Designation of a beneficiary.

Section 8-6-143 Registration - Designation of a beneficiary.

Section 8-6-143

Registration - Designation of a beneficiary.

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.

(Acts 1997, No. 97-703, p. 1451, §4.)