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§ 16-102. Eligibility for registration in beneficiary form

West's Annotated Code of MarylandEstates and TrustsEffective: October 1, 2019

West's Annotated Code of Maryland
Estates and Trusts (Refs & Annos)
Title 16. Maryland Uniform Transfer-on-Death (Tod) Security Registration Act (Refs & Annos)
Effective: October 1, 2019
MD Code, Estates and Trusts, § 16-102
§ 16-102. Eligibility for registration in beneficiary form
In general
(a) 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.
Form of ownership
(b) 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.

Credits

Added by Acts 1994, c. 644, § 1, eff. Oct. 1, 1994. Amended by Acts 2019, c. 197, § 1, eff. Oct. 1, 2019.
MD Code, Estates and Trusts, § 16-102, MD EST & TRST § 16-102
Current with all legislation from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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