Transfer of security issued in registered form or beneficiary form effective without compliance with formal requirements of chapter.
1. A security issued in registered form which contains the words “transferable on death to” a named person, or equivalent language or abbreviation, is effective to transfer the interest evidenced by the security to that person, upon the death of its owner, without compliance with the formal requirements of this chapter for the execution of wills.
2. A security registered in beneficiary form pursuant to NRS 111.480 to 111.650, inclusive, is effective to transfer the interest evidenced by the security to the beneficiary at the death of the owner or the deaths of all multiple owners, without compliance with the formal requirements of this chapter for the execution of wills.
3. As used in this section, “security” and “registered form” have the meanings ascribed to them in NRS 104.8102.
Last modified: February 25, 2006