Registration in beneficiary form; sole or joint tenancy ownership

  1. Law
  2. Maine Revised Statutes
  3. PROBATE CODE
  4. NONPROBATE TRANSFERS ON DEATH
  5. TRANSFER ON DEATH SECURITY REGISTRATION
  6. Registration in beneficiary form; sole or joint tenancy ownership

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§6-302. 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 2 or more individuals 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 and not as tenants in common.   [PL 2017, c. 402, Pt. A, §2 (NEW); PL 2019, c. 417, Pt. B, §14 (AFF).]

SECTION HISTORY

PL 2017, c. 402, Pt. A, §2 (NEW). PL 2017, c. 402, Pt. F, §1 (AFF). PL 2019, c. 417, Pt. B, §14 (AFF).


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