Revised Code of Washington - RCW Title 21 Securities And Investments - Chapter 21.35 Uniform Transfer On Death Security Registration Act
- 21.35.005 Definitions
Unless the context clearly requires otherwise, the definitions in this section apply throughout this chapter. (1) "Beneficiary form" means a registration of a security that ...
- 21.35.010 Security registered in beneficiary form -- 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 ...
- 21.35.015 Registering a security in beneficiary form -- Authorization
A registering entity may register a security in beneficiary form if the form is authorized by this chapter or a substantially identical statute of another ...
- 21.35.020 Registering a security in beneficiary form -- Designation of beneficiary
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 ...
- 21.35.025 Registering a security in beneficiary form -- Words of designation
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 ...
- 21.35.030 Designation of a TOD or POD beneficiary -- Effect on ownership -- Cancellation or change
The designation of a TOD or POD beneficiary on a registration in beneficiary form has no effect on ownership of the security until the owner's ...
- 21.35.035 Death of owner or owners -- Ownership passes to beneficiaries
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 ...
- 21.35.040 Registering entity -- Protection
(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 ...
- 21.35.045 Transfer on death -- Contract -- Rights of creditors
(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 ...
- 21.35.050 Registering entity -- Terms and conditions -- Forms authorized
(1) A registering entity offering to accept registrations in beneficiary form may establish the terms and conditions under which it will receive requests (a) for ...
- 21.35.900 Short title -- Statutory construction
(1) This chapter shall be known as and may be cited as the uniform TOD security registration act. (2) This chapter shall be liberally construed ...
- 21.35.901 Application
This chapter applies to registrations of securities in beneficiary form made before or after July 25, 1993, by decedents dying on or after July 25, ...
Last modified: April 7, 2009