Individuals, multiple owners, registration of a security.

Checkout our iOS App for a better way to browser and research.

3B:30-3 Individuals, multiple owners, registration of a security.

3. 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 for, and not as tenants in common.

L.1995,c.130,s.3.


Download our app to see the most-to-date content.