(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 article and is not testamentary.
(b) This article does not limit the rights of creditors of security owners against beneficiaries and other transferees under other laws of this state.
Structure Code of Alabama
Title 8 - Commercial Law and Consumer Protection.
Article 6 - Uniform Transfer on Death Security Registration Act.
Section 8-6-140 - Definitions.
Section 8-6-141 - Registration - Beneficiary Form.
Section 8-6-142 - Registration - Authorization.
Section 8-6-143 - Registration - Designation of a Beneficiary.
Section 8-6-144 - Registration - Applicable Language.
Section 8-6-145 - Designation of Tod; Registration Cancelled or Changed.
Section 8-6-146 - Death of Owner.
Section 8-6-147 - Assent of Owner; Discharge From Claims.
Section 8-6-148 - Transfer on Death.
Section 8-6-149 - Terms and Conditions of Registration.