A security, whether evidenced by certificate or account, is registered in beneficiary form when the registration includes a designation of a beneficiary to take the ownership at the death of the owner or the deaths of all multiple owners.
Structure Arkansas Code
Title 28 - Wills, Estates, and Fiduciary Relationships
Subtitle 2 - Descent And Distribution
Chapter 14 - Uniform TOD Security Registration Act
§ 28-14-102. Registration in beneficiary form — Sole or joint tenancy ownership
§ 28-14-103. Registration in beneficiary form — Applicable law
§ 28-14-104. Origination of registration in beneficiary form
§ 28-14-105. Form of registration in beneficiary form
§ 28-14-106. Effect of registration in beneficiary form
§ 28-14-107. Ownership on death of owner
§ 28-14-108. Protection of registering entity
§ 28-14-109. Nontestamentary transfer on death
§ 28-14-110. Terms, conditions, and forms for registration