20 Pennsylvania Consolidated Statutes § 6409 - Nontestamentary Transfer On Death

§ 6409. Nontestamentary transfer on death.

(a) General rule.--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 the registering entity and this chapter and is not testamentary.

(b) Creditors.--This chapter does not limit the rights of creditors of security owners against beneficiaries and other transferees under other laws of this Commonwealth.

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Last modified: October 8, 2016