Alabama Code (Last Updated: November 28, 2014) |
Title8 COMMERCIAL LAW AND CONSUMER PROTECTION. |
Chapter6. SECURITIES. |
Article6. Uniform Transfer On Death Security Registration Act. |
§8-6-143. Registration - Designation of a beneficiary.
Latest version.
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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 ownership at the death of the owner or the deaths of all multiple owners.