17-49a09. Nontestamentary transfer on death.
17-49a09
17-49a09. Nontestamentary transfer on death.
(a) 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 act and is
not testamentary.
(b) This act does not limit the right of creditors of security owners
against beneficiaries and other transferees under other laws of this state.
History: L. 1994, ch. 44, § 9; July 1.