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§ 16-109. Nontestamentary transfer of securities on death

West's Annotated Code of MarylandEstates and Trusts

West's Annotated Code of Maryland
Estates and Trusts (Refs & Annos)
Title 16. Maryland Uniform Transfer-on-Death (Tod) Security Registration Act (Refs & Annos)
MD Code, Estates and Trusts, § 16-109
§ 16-109. Nontestamentary transfer of securities on death
In general
(a) A transfer-on-death resulting from a registration in beneficiary form is effective by reason of the contract regarding the registration between the owner and the registering entity and this title and is not testamentary.
Rights of creditors of security owners
(b) This title does not limit the rights of creditors of security owners against beneficiaries and other transferees under other laws of this State.

Credits

Added by Acts 1994, c. 644, § 1, eff. Oct. 1, 1994.
MD Code, Estates and Trusts, § 16-109, MD EST & TRST § 16-109
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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