17-49a02. Registration in beneficiary form; sole or joint tenancy ownership.
17-49a02
17-49a02. Registration in beneficiary form; sole or joint tenancy
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 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, as tenants by the entireties,
or as owners of community property held in survivorship form, and not as
tenants in common.
History: L. 1994, ch. 44, § 2; July 1.