Section 524.6-304 Origination of Registration in Beneficiary Form

524.6-304 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.

History:

1992 c 461 art 2 s 4