California Probate Code PART 3 - UNIFORM TOD SECURITY REGISTRATION ACT

• Section 5500.
  (a) This part shall be known as and may be cited as the Uniform TOD Security Registration Act.(b) This part shall be liberally construed and applied to...
• Section 5501.
  For purposes of this part:(a) “Beneficiary form” means a registration of a security that indicates the present owner of the security and the intention of the...
• Section 5502.
  Only individuals whose registration of a security shows sole ownership by one individual or multiple ownership by two or more individuals with right of survivorship,...
• Section 5503.
  A security may be registered in beneficiary form if the form is authorized by this or a similar statute of the state of organization of...
• Section 5504.
  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...
• Section 5505.
  Registration in beneficiary form may be shown by the words “transfer on death” or the abbreviation “TOD,” or by the words “pay on death” or...
• Section 5506.
  The designation of a TOD beneficiary on a registration in beneficiary form has no effect on ownership until the owner’s death. A registration of a...
• Section 5507.
  On death of a sole owner or the last to die of all multiple owners, ownership of securities registered in beneficiary form passes to the...
• Section 5508.
  (a) A registering entity is not required to offer or to accept requests for security registration in beneficiary form. If a registration in beneficiary form is...
• Section 5509.
  (a) Any transfer on death resulting from a registration in beneficiary form is effective by reason of the contract regarding the registration between the owner and...
• Section 5510.
  (a) A registering entity offering to accept registrations in beneficiary form may establish the terms and conditions under which it will receive requests for (1) registrations...
• Section 5511.
  Nothing in this part alters the community character of community property or community rights in community property. This part is subject to Chapter 2 (commencing...
• Section 5512.
  This part applies to registrations of securities in beneficiary form made before, on, or after January 1, 1999, by decedents dying on or after January...

Last modified: October 22, 2018