Michigan Compiled Laws § 700.6302 Registration In Beneficiary Form; Sole Or Joint Tenancy Ownership.

700.6302 Registration in beneficiary form; sole or joint tenancy ownership.

Sec. 6302.

Only an individual whose registration of a security shows sole ownership by 1 individual or multiple ownership by 2 or more with right of survivorship, rather than as tenants in common, may obtain registration in beneficiary form. Multiple owners of a security registered in beneficiary form hold as joint tenants with right of survivorship or as tenants by the entireties, and not as tenants in common.

History: 1998, Act 386, Eff. Apr. 1, 2000 ;-- Am. 2000, Act 54, Eff. Apr. 1, 2000
Popular Name: EPIC

Section: 700.6301  700.6302  700.6303  700.6304  700.6305  700.6306  700.6307  700.6308  700.6309  700.6310    Next

Last modified: October 10, 2016