A security may be registered in beneficiary form if the form is authorized by this or a similar statute of the state of organization of the issuer or registering entity, the location of the registering entity’s principal office, the office of its transfer agent or its office making the registration, or by this or a similar statute of the state listed as the owner’s address at the time of registration. A registration governed by the law of a jurisdiction in which this or a similar statute is not in force or was not in force when a registration in beneficiary form was made is nevertheless presumed to be valid and authorized as a matter of contract law.
History. Code 1981, § 53-5-63 , 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