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. 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.
History. Code 1981, § 53-5-62 , enacted by Ga. L. 1999, p. 805, § 1.
Structure Georgia Code
Title 53 - Wills, Trusts, and Administration of Estates
Article 7 - Uniform Transfer on Death Security Registration
§ 53-5-62. Ownership of a Security
§ 53-5-63. Authorization of Beneficiary Form
§ 53-5-64. Registration of a Beneficiary Form
§ 53-5-65. Words Used in Beneficiary Form
§ 53-5-66. Designation of Transfer in Beneficiary Form
§ 53-5-67. Ownership of Registered Security After Death
§ 53-5-69. Effect of Beneficiary Form
§ 53-5-70. Terms and Conditions of Beneficiary Form; Illustrations