Registration in Beneficiary Form; Sole or Joint Tenancy Ownership.

  1. Law
  2. Michigan Compiled Laws
  3. Estates and Protected Individuals Code
  4. 386 of 1998 - Estates and Protected Individuals Code (700.1101 - 700.8206)
  5. Nonprobate Transfers on Death (700.6101...700.6310)
  6. Part 3 Uniform TOD Security Registration (700.6301...700.6310)
  7. Registration in Beneficiary Form; Sole or Joint Tenancy Ownership.

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Sec. 6302.

Only an individual whose registration of a security shows sole ownership by 1 individual or multiple ownership by 2 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 or as tenants by the entireties, and not as tenants in common.

History: 1998, Act 386, Eff. Apr. 1, 2000 ;-- Am. 2000, Act 54, Eff. Apr. 1, 2000
Popular Name: EPIC


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