Florida Statutes Title XL Chapter 711 - Florida Uniform Transfer-on-death Security Registration Act

• 711.50 - Short Title.
  Sections 711.50-711.512 may be cited as the “Florida Uniform Transfer-on-Death Security Registration Act.”History.—s. 3, ch. 94-216.
• 711.501 - Definitions.
  In ss. 711.50-711.512, unless the context otherwise requires, the term:(1) “Beneficiary form” means a registration of a security which indicates the present owner of the security...
• 711.502 - 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 two or more with right of survivorship, rather...
• 711.503 - Registration In Beneficiary Form; Applicable Law.
  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...
• 711.504 - 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...
• 711.505 - Form Of Registration In Beneficiary Form.
  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...
• 711.506 - Effect Of Registration In Beneficiary Form.
  The designation of a transfer-on-death beneficiary on a registration in beneficiary form has no effect on ownership until the owner’s death. A registration of a...
• 711.507 - Ownership On Death Of Owner.
  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...
• 711.508 - Protection Of Registering Entity.
  (1) A registering entity is not required to offer or to accept a request for security registration in beneficiary form. If a registration in beneficiary form...
• 711.509 - Nontestamentary Transfer On Death.
  (1) A transfer on death resulting from a registration in beneficiary form is effective by reason of the contract regarding the registration between the owner and...
• 711.51 - Terms, Conditions, And Forms For Registration.
  (1) A registering entity offering to accept registrations in beneficiary form may establish the terms and conditions under which it will receive requests for registrations in...
• 711.511 - Rules Of Construction.
  (1) Sections 711.50-711.512 shall be liberally construed and applied to promote their underlying purposes and policy and to make uniform the laws with respect to the...
• 711.512 - Application Of Ss. 711.50-711.512.
  Sections 711.50-711.512 apply to registrations of securities in beneficiary form made before, on, or after January 1, 1995, by decedents dying on or after January...

Last modified: September 23, 2016