18-A §6-303. Registration in beneficiary form; sole or joint tenancy ownership
Title 18-A: PROBATE CODE
Article 6: NONPROBATE TRANSFERS
Part 3: UNIFORM TRANSFER ON DEATH SECURITY REGISTRATION ACT HEADING: PL 1997, C. 627, §1 (NEW)
§6-303. Registration in beneficiary form; sole or joint tenancy ownership
Only individuals whose registration of a security shows sole ownership by one individual or multiple ownership by 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 in beneficiary form hold as joint tenants with right of survivorship and not as tenants in common. [1997, c. 627, §1 (NEW).]
SECTION HISTORY
1997, c. 627, §1 (NEW).