Code of Alabama - Title 8: Commercial Law and Consumer Protection - 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.)

Last modified: May 3, 2021