Legislation
SECTION 13-4.2
Registration in beneficiary form; sole or joint tenancy
Estates, Powers & Trusts (EPT) CHAPTER 17-B, ARTICLE 13, PART 4
§ 13-4.2 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 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 form, and not as tenants in common.
ownership
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 form, and not as tenants in common.