Michigan Compiled Laws 386-1998-vi-3 Part 3 Uniform Tod Security Registration (700.6301...700.6310)

• Section 700.6301 Definitions.
  As used in this part: (a) “Beneficiary form” means a registration of a security that indicates the present owner of the security and the...
• Section 700.6302 Registration In Beneficiary Form; Sole Or Joint Tenancy Ownership.
  Only an individual whose registration of a security shows sole ownership by 1 individual or multiple ownership by 2 or more with right of...
• Section 700.6303 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...
• Section 700.6304 Origination Of Registration In Beneficiary Form.
  Whether evidenced by certificate or account, a security is registered in beneficiary form when the registration includes a designation of a beneficiary to take...
• Section 700.6305 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”...
• Section 700.6306 Effect Of Registration In Beneficiary Form.
  The designation of a TOD beneficiary on a registration in beneficiary form does not affect ownership until the owner's death. A registration of a...
• Section 700.6307 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...
• Section 700.6308 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...
• Section 700.6309 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...
• Section 700.6310 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...

Last modified: October 10, 2016