New York Estates, Powers & Trusts Law Part 4 - TRANSFER-ON-DEATH SECURITY REGISTRATION

• 13-4.1 - Definitions
  13-4.1 Definitions As used in this part unless the context otherwise requires: (a) "Beneficiary form" means a registration of a security which indicates the present...
• 13-4.2 - Registration in Beneficiary Form; Sole or Joint Tenancy Ownership
  13-4.2 Registration in beneficiary form; sole or joint tenancy ownership Only individuals whose registration of a security shows sole ownership by one individual or multiple...
• 13-4.3 - Applicable Law
  13-4.3 Applicable law A security may be registered in beneficiary form if the form is authorized by this or a similar law of the state...
• 13-4.4 - Origination of Registration in Beneficiary Form
  13-4.4 Origination of registration in beneficiary form A security, whether evidenced by certificate or account, is registered in beneficiary form when the registration includes a...
• 13-4.5 - Form of Registration in Beneficiary Form
  13-4.5 Form of registration in beneficiary form Registration in beneficiary form may be shown by the words "transfer on death" or the abbreviation "TOD", or...
• 13-4.6 - Effect of Registration in Beneficiary Form
  13-4.6 Effect of registration in beneficiary form (a) The designation of a TOD beneficiary on a registration in beneficiary form has no effect on ownership...
• 13-4.7 - Ownership on Death of Owner
  13-4.7 Ownership on death of owner On death of a sole owner or the last to die of all multiple owners, ownership of securities registered...
• 13-4.8 - Protection of Registering Entity
  13-4.8 Protection of registering entity (a) A registering entity is not required to offer or to accept a request for security registration in beneficiary form....
• 13-4.9 - Nontestamentary Transfer on Death
  13-4.9 Nontestamentary transfer on death (a) A transfer on death resulting from a registration in beneficiary form is effective by reason of the contract regarding...
• 13-4.10 - Terms, Conditions, and Forms
  13-4.10 Terms, conditions, and forms (a) A registering entity offering to accept registrations in beneficiary form may establish the terms and conditions under which it...
• 13-4.11 - Rules of Construction
  13-4.11 Rules of construction (a) This part shall be liberally construed and applied to promote its underlying purposes and policy and to make uniform the...
• 13-4.12 - Application
  13-4.12 Application This part applies to registrations of securities in beneficiary form made before, on or after January first, two thousand six, by decedents dying...

Last modified: February 3, 2019