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.
(Apr. 27, 2001, D.C. Law 13-292, § 302(b), 48 DCR 2087.)
Uniform Law: This section is based upon § 304 of the Uniform Nonprobate Transfers on Death Act (1991 Act).
Structure District of Columbia Code
Title 19 - Descent, Distribution, and Trusts. [Enacted title]
Chapter 6 - Nonprobate Transfers on Death; Uniform Law
Subchapter III - Uniform TOD Security Registration
§ 19–603.02. Registration in beneficiary form; sole or joint tenancy ownership
§ 19–603.03. Registration in beneficiary form; applicable law
§ 19–603.04. Origination of registration in beneficiary form
§ 19–603.05. Form of registration in beneficiary form
§ 19–603.06. Effect of registration in beneficiary form
§ 19–603.07. Ownership on death of owner
§ 19–603.08. Protection of registering entity
§ 19–603.09. Nontestamentary transfer on death