Designation of beneficiary to take ownership upon death of owner or owners to be included for security to be registered in beneficiary form.
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Law
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South Carolina Code of Laws
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Securities
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Uniform Transfer On Death Security Registration Act
- Designation of beneficiary to take ownership upon death of owner or owners to be included for security to be registered in beneficiary form.
A security, whether evidenced by a certificate or account, is registered in beneficiary form when the registration includes a designation of a beneficiary to take ownership at the death of the owner or the death of all multiple owners.
HISTORY: 1997 Act No. 102, Section 1, eff June 13, 1997.
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