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 Maryland Statutes
Title 16 - Maryland Uniform Transfer-on-Death (Tod) Security Registration Act
Section 16-102 - Registration in Beneficiary Form -- Sole or Joint Tenancy Ownership
Section 16-103 - Registration in Beneficiary Form -- Applicable Law
Section 16-104 - Registration in Beneficiary Form -- Origination
Section 16-105 - Registration in Beneficiary Form -- Form
Section 16-106 - Registration in Beneficiary Form -- Effect
Section 16-107 - Ownership on Death of Owner
Section 16-108 - Protection of Registering Entity
Section 16-109 - Nontestamentary Transfer-on-Death; Rights of Creditors
Section 16-110 - Terms, Conditions, and Forms for Registration