Subdivision 1. Nontestamentary transfer on death. (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 sections 524.6-301 to 524.6-311 and is not testamentary.
(b) Sections 524.6-301 to 524.6-311 do not limit the rights of creditors of security owners against beneficiaries and other transferees under other laws of this state.
Subd. 2. Revocation of beneficiary designation by will. A registration in beneficiary form may be canceled by specific reference to the security or the securities account in the will of the sole owner or the last to die of multiple owners, but the terms of the revocation are not binding on the registering entity unless it has received written notice from any claimant to an interest in the security objecting to implementation of a registration in beneficiary form prior to the registering entity reregistering the security. If the beneficiary designation is canceled, the security belongs to the estate of the deceased sole owner or the estate or the last to die of all multiple owners.
1992 c 461 art 2 s 10,11
Structure Minnesota Statutes
Chapters 524 - 532 — Probate; Property; Estates; Guardianships; Anatomical Gifts
Chapter 524 — Uniform Probate Code
Section 524.1-101 — Citation And Numbering System.
Section 524.1-102 — Purposes; Rule Of Construction.
Section 524.1-103 — Supplementary General Principles Of Law Applicable.
Section 524.1-104 — Severability.
Section 524.1-106 — Effect Of Fraud And Evasion.
Section 524.1-107 — Evidence As To Death Or Status.
Section 524.1-108 — Acts By Holder Of General Power.
Section 524.1-201 — General Definitions.
Section 524.1-301 — Territorial Application.
Section 524.1-302 — Subject Matter Jurisdiction.
Section 524.1-303 — Venue; Multiple Proceedings; Transfer.
Section 524.1-304 — Practice In Court.
Section 524.1-306 — Jury Trial.
Section 524.1-307 — Registrar; Powers.
Section 524.1-310 — Verification Of Filed Documents.
Section 524.1-401 — Notice; Method And Time Of Giving.
Section 524.1-402 — Notice; Waiver.
Section 524.1-403 — Pleadings; When Parties Bound By Others; Notice.
Section 524.1-404 — Notice To Charitable Beneficiaries.
Section 524.2-101 — Intestate Estate.
Section 524.2-102 — Share Of The Spouse.
Section 524.2-103 — Share Of Heirs Other Than Surviving Spouse.
Section 524.2-104 — Requirement That Heir Survive Decedent For 120 Hours.
Section 524.2-106 — Representation.
Section 524.2-107 — Degree Of Kindred And Kindred Of Half Blood.
Section 524.2-108 — After-born Heirs.
Section 524.2-109 — Advancements.
Section 524.2-110 — Debts To Decedent.
Section 524.2-113 — Individuals Related To Decedent Through Two Lines.
Section 524.2-114 — Parent Barred From Inheriting In Certain Circumstances.
Section 524.2-116 — Effect Of Parent-child Relationship.
Section 524.2-117 — Parent-child Relationship With Genetic Parents.
Section 524.2-118 — Adoptee And Adoptee's Adoptive Parent Or Parents.
Section 524.2-119 — Adoptee And Adoptee's Genetic Parents.
Section 524.2-120 — Child Conceived By Assisted Reproduction.
Section 524.2-121 — No Effect On Gestational Agreements.
Section 524.2-122 — No Effect On Equitable Adoption.
Section 524.2-123 — Instruments Referencing Intestacy Laws.
Section 524.2-201 — Definitions.
Section 524.2-202 — Elective Share.
Section 524.2-203 — Composition Of The Augmented Estate.
Section 524.2-204 — Decedent's Net Probate Estate.
Section 524.2-205 — Decedent's Nonprobate Transfers To Others.
Section 524.2-206 — Decedent's Nonprobate Transfers To Surviving Spouse.
Section 524.2-207 — Surviving Spouse's Property And Nonprobate Transfers To Others.
Section 524.2-208 — Exclusions, Valuation, And Overlapping Application.
Section 524.2-209 — Sources From Which Elective Share Payable.
Section 524.2-210 — Personal Liability Of Recipients.
Section 524.2-211 — Proceeding For Elective Share; Time Limit.
Section 524.2-212 — Right Of Election Personal To Surviving Spouse.
Section 524.2-213 — Waiver Of Right To Elect And Of Other Rights.
Section 524.2-214 — Protection Of Payors And Other Third Parties.
Section 524.2-215 — Surviving Spouse Receiving Medical Assistance.
Section 524.2-301 — Entitlement Of Spouse; Premarital Will.
Section 524.2-302 — Omitted Children.
Section 524.2-401 — Applicable Law.
Section 524.2-402 — Descent Of Homestead.
Section 524.2-403 — Exempt Property.
Section 524.2-404 — Family Allowance.
Section 524.2-405 — Source, Determination, And Documentation.
Section 524.2-501 — Who May Make A Will.
Section 524.2-502 — Execution; Witnessed Wills.
Section 524.2-503 — Harmless Error.
Section 524.2-504 — Self-proved Will.
Section 524.2-505 — Who May Witness.
Section 524.2-506 — Choice Of Law As To Execution.
Section 524.2-507 — Revocation By Writing Or By Act.
Section 524.2-508 — Revocation By Changes Of Circumstances.
Section 524.2-509 — Revival Of Revoked Will.
Section 524.2-510 — Incorporation By Reference.
Section 524.2-511 — Testamentary Additions To Trusts.
Section 524.2-512 — Events Of Independent Significance.
Section 524.2-513 — Separate Writing Identifying Bequest Of Tangible Property.
Section 524.2-514 — Contracts Concerning Succession.
Section 524.2-515 — Deposit Of Will With Court In Testator's Lifetime.
Section 524.2-516 — Duty Of Custodian Of Will; Liability.
Section 524.2-517 — Penalty Clause For Contest.
Section 524.2-602 — Will May Pass All Property And After-acquired Property.
Section 524.2-603 — Antilapse; Deceased Devisee; Class Gifts; Words Of Survivorship.
Section 524.2-604 — Failure Of Testamentary Provision.
Section 524.2-605 — Increase In Securities; Accessions.
Section 524.2-607 — Nonexoneration.
Section 524.2-608 — Exercise Of Power Of Appointment.
Section 524.2-609 — Ademption By Satisfaction.
Section 524.2-703 — Choice Of Law As To Meaning And Effect Of Governing Instrument.
Section 524.2-704 — Power Of Appointment; Meaning Of Specific Reference Requirement.
Section 524.2-705 — Class Gifts Construed To Accord With Intestate Succession.
Section 524.2-709 — Representation; Per Stirpes; Per Capita At Each Generation.
Section 524.2-711 — Future Interests In "heirs," "heirs At Law," Or "next Of Kin."
Section 524.2-802 — Effect Of Dissolution Of Marriage, Annulment, And Decree Of Separation.
Section 524.2-805 — Reformation To Correct Mistakes.
Section 524.2-806 — Modification To Achieve Transferor's Tax Objectives.
Section 524.2-1001 — Definitions.
Section 524.2-1002 — International Will; Validity.
Section 524.2-1003 — International Will; Requirements.
Section 524.2-1004 — International Wills; Other Points Of Form.
Section 524.2-1005 — International Will; Certificate.
Section 524.2-1006 — International Will; Effect Of Certificate.
Section 524.2-1007 — International Will; Revocation.
Section 524.2-1008 — Source And Construction.
Section 524.2-1010 — International Will Information Registration.
Section 524.2-1101 — Short Title.
Section 524.2-1102 — Definitions.
Section 524.2-1104 — Tax-qualified Disclaimer.
Section 524.2-1105 — When Disclaimer Is Permitted.
Section 524.2-1106 — When Disclaimer Is Barred Or Limited.
Section 524.2-1107 — Power To Disclaim; General Requirements; When Irrevocable.
Section 524.2-1108 — Disclaimer Of Interest In Property.
Section 524.2-1109 — Disclaimer Of Rights Of Survivorship In Jointly Held Property.
Section 524.2-1110 — Disclaimer Of Interest By Trustee.
Section 524.2-1113 — Disclaimer Of Power Held In Fiduciary Capacity.
Section 524.2-1114 — Delivery Or Filing.
Section 524.2-1115 — Recording Of Disclaimer Relating To Real Estate.
Section 524.2-1116 — Application To Existing Relationships.
Section 524.3-101 — Devolution Of Estate At Death; Restrictions.
Section 524.3-102 — Necessity Of Order Of Probate For Will.
Section 524.3-103 — Necessity Of Appointment For Administration.
Section 524.3-104 — Claims Against Decedent; Necessity Of Administration.
Section 524.3-107 — Scope Of Proceedings; Proceedings Independent; Exception.
Section 524.3-108 — Probate, Testacy And Appointment Proceedings; Ultimate Time Limit.
Section 524.3-109 — Statutes Of Limitation On Decedent's Cause Of Action.
Section 524.3-201 — Venue For First And Subsequent Estate Proceedings; Location Of Property.
Section 524.3-203 — Priority Among Persons Seeking Appointment As Personal Representative.
Section 524.3-204 — Demand For Notice Of Order Or Filing Concerning Decedent's Estate.
Section 524.3-301 — Informal Probate Or Appointment Proceedings; Application; Contents.
Section 524.3-302 — Informal Probate; Duty Of Registrar; Effect Of Informal Probate.
Section 524.3-303 — Informal Probate; Proof And Findings Required.
Section 524.3-305 — Informal Probate; Registrar Not Satisfied.
Section 524.3-306 — Informal Probate; Notice Requirements.
Section 524.3-308 — Informal Appointment Proceedings; Proof And Findings Required.
Section 524.3-309 — Informal Appointment Proceedings; Registrar Not Satisfied.
Section 524.3-310 — Informal Appointment Proceedings; Notice Requirements.
Section 524.3-311 — Informal Appointment Unavailable In Certain Cases.
Section 524.3-401 — Formal Testacy Proceedings; Nature; When Commenced.
Section 524.3-402 — Formal Testacy Or Appointment Proceedings; Petition; Contents.
Section 524.3-403 — Formal Testacy Proceeding; Notice Of Hearing On Petition.
Section 524.3-404 — Formal Testacy Proceedings; Written Objections To Probate.
Section 524.3-405 — Formal Testacy Proceedings; Uncontested Cases; Hearings And Proof.
Section 524.3-406 — Formal Testacy Proceedings; Contested Cases; Testimony Of Attesting Witnesses.
Section 524.3-407 — Formal Testacy Proceedings; Burdens In Contested Cases.
Section 524.3-409 — Formal Testacy Proceedings; Order; Foreign Will.
Section 524.3-410 — Formal Testacy Proceedings; Probate Of More Than One Instrument.
Section 524.3-411 — Formal Testacy Proceedings; Partial Intestacy.
Section 524.3-412 — Formal Testacy Proceedings; Effect Of Order; Vacation.
Section 524.3-414 — Formal Proceedings Concerning Appointment Of Personal Representative.
Section 524.3-501 — Supervised Administration; Nature Of Proceeding.
Section 524.3-502 — Supervised Administration; Petition; Order.
Section 524.3-503 — Supervised Administration; Effect On Other Proceedings.
Section 524.3-504 — Supervised Administration; Powers Of Personal Representative.
Section 524.3-505 — Supervised Administration; Interim Orders; Distribution And Closing Orders.
Section 524.3-601 — Qualification.
Section 524.3-602 — Acceptance Of Appointment; Consent To Jurisdiction.
Section 524.3-603 — Bond Not Required Without Court Order; Exceptions.
Section 524.3-604 — Bond Amount; Security; Procedure; Reduction.
Section 524.3-605 — Demand For Bond By Interested Person.
Section 524.3-606 — Terms And Conditions Of Bonds.
Section 524.3-607 — Order Restraining Personal Representative.
Section 524.3-608 — Termination Of Appointment; General.
Section 524.3-609 — Termination Of Appointment; Death Or Disability.
Section 524.3-610 — Termination Of Appointment; Voluntary.
Section 524.3-611 — Termination Of Appointment By Removal; Cause; Procedure.
Section 524.3-612 — Termination Of Appointment; Change Of Testacy Status.
Section 524.3-613 — Successor Personal Representative.
Section 524.3-614 — Special Administrator; Appointment.
Section 524.3-615 — Special Administrator; Who May Be Appointed.
Section 524.3-616 — Special Administrator; Appointed Informally; Powers And Duties.
Section 524.3-617 — Special Administrator; Formal Proceedings; Power And Duties.
Section 524.3-618 — Termination Of Appointment; Special Administrator.
Section 524.3-701 — Time Of Accrual Of Duties And Powers.
Section 524.3-702 — Priority Among Different Letters.
Section 524.3-704 — Personal Representative To Proceed Without Court Order; Exception.
Section 524.3-706 — Duty Of Personal Representative; Inventory And Appraisement.
Section 524.3-707 — Employment Of Appraisers.
Section 524.3-708 — Duty Of Personal Representative; Supplementary Inventory.
Section 524.3-709 — Duty Of Personal Representative; Possession Of Estate.
Section 524.3-710 — Power To Avoid Transfers.
Section 524.3-711 — Powers Of Personal Representatives; In General.
Section 524.3-712 — Improper Exercise Of Power; Breach Of Fiduciary Duty.
Section 524.3-714 — Persons Dealing With Personal Representative; Protection.
Section 524.3-715 — Transactions Authorized For Personal Representatives; Exceptions.
Section 524.3-716 — Powers And Duties Of Successor Personal Representative.
Section 524.3-717 — Corepresentatives; When Joint Action Required.
Section 524.3-718 — Powers Of Surviving Personal Representative.
Section 524.3-719 — Compensation Of Personal Representative.
Section 524.3-720 — Expenses In Estate Litigation.
Section 524.3-801 — Notice To Creditors.
Section 524.3-802 — Statutes Of Limitations.
Section 524.3-803 — Limitations On Presentation Of Claims.
Section 524.3-804 — Manner Of Presentation Of Claims.
Section 524.3-805 — Classification Of Claims.
Section 524.3-806 — Allowance Of Claims.
Section 524.3-807 — Payment Of Claims.
Section 524.3-808 — Individual Liability Of Personal Representative.
Section 524.3-809 — Secured Claims.
Section 524.3-810 — Claims Not Due And Contingent Or Unliquidated Claims.
Section 524.3-811 — Counterclaims.
Section 524.3-812 — Execution And Levies Prohibited.
Section 524.3-813 — Compromise Of Claims.
Section 524.3-814 — Encumbered Assets.
Section 524.3-815 — Administration In More Than One State; Duty Of Personal Representative.
Section 524.3-816 — Final Distribution To Domiciliary Representative.
Section 524.3-817 — Joint Contract Claims.
Section 524.3-901 — Successors' Rights If No Administration.
Section 524.3-902 — Distribution; Order In Which Assets Appropriated; Abatement.
Section 524.3-903 — Right Of Retainer.
Section 524.3-904 — Interest On General Pecuniary Devise.
Section 524.3-906 — Distribution In Kind; Valuation; Method.
Section 524.3-907 — Distribution In Kind; Evidence.
Section 524.3-908 — Distribution; Right Or Title Of Distributee.
Section 524.3-909 — Improper Distribution; Liability Of Distributee.
Section 524.3-910 — Purchasers From Distributees Protected.
Section 524.3-911 — Partition For Purpose Of Distribution.
Section 524.3-913 — Distributions To Trustee.
Section 524.3-914 — Unclaimed Assets.
Section 524.3-915 — Distribution To Person Under Disability.
Section 524.3-916 — Apportionment Of Estate Taxes And Generation-skipping Tax.
Section 524.3-1003 — Closing Estates; By Sworn Statement Of Personal Representative.
Section 524.3-1004 — Liability Of Distributees To Claimants.
Section 524.3-1005 — Limitations On Proceedings Against Personal Representative.
Section 524.3-1006 — Limitations On Actions And Proceedings Against Distributees.
Section 524.3-1007 — Certificate Discharging Liens Securing Fiduciary Performance.
Section 524.3-1008 — Subsequent Administration.
Section 524.3-1102 — Procedure For Securing Court Approval Of Compromise.
Section 524.3-1201 — Collection Of Personal Property By Affidavit.
Section 524.3-1202 — Effect Of Affidavit.
Section 524.3-1203 — Summary Proceedings.
Section 524.3-1204 — Small Estates; Closing By Sworn Statement Of Personal Representative.
Section 524.4-101 — Definitions.
Section 524.4-202 — Payment Or Delivery Discharges.
Section 524.4-203 — Resident Creditor Notice.
Section 524.4-204 — Proof Of Authority-bond.
Section 524.4-206 — Power Of Representatives In Transition.
Section 524.4-207 — Provisions Governing Ancillary And Other Local Administrations.
Section 524.4-301 — Jurisdiction By Act Of Foreign Personal Representative.
Section 524.4-302 — Jurisdiction By Act Of Decedent.
Section 524.4-303 — Service On Foreign And Nonresident Personal Representatives.
Section 524.4-401 — Effect Of Adjudication For Or Against Personal Representative.
Section 524.5-101 — Short Title.
Section 524.5-102 — Definitions.
Section 524.5-103 — Supplemental General Principles Of Law Applicable.
Section 524.5-104 — Facility Of Transfer.
Section 524.5-106 — Subject-matter Jurisdiction.
Section 524.5-107 — Transfer Of Jurisdiction.
Section 524.5-109 — Practice In Court.
Section 524.5-110 — Letters Of Office.
Section 524.5-111 — Effect Of Acceptance Of Appointment.
Section 524.5-112 — Termination Of Or Change In Guardian's Or Conservator's Appointment.
Section 524.5-114 — Waiver Of Notice.
Section 524.5-115 — Guardian Ad Litem.
Section 524.5-117 — Multiple Appointments Or Nominations.
Section 524.5-118 — Background Study.
Section 524.5-119 — Central Registration Of Guardians And Conservators; Appropriation.
Section 524.5-120 — Bill Of Rights For Persons Subject To Guardianship Or Conservatorship.
Section 524.5-121 — Bill Of Particulars.
Section 524.5-201 — Appointment And Status Of Guardian.
Section 524.5-202 — Parental Appointment Of Guardian.
Section 524.5-203 — Objection By Minor Or Others To Parental Appointment.
Section 524.5-204 — Judicial Appointment Of Guardian: Conditions For Appointment.
Section 524.5-205 — Judicial Appointment Of Guardian: Procedure.
Section 524.5-207 — Powers And Duties Of Guardian.
Section 524.5-209 — Rights And Immunities Of Guardian.
Section 524.5-210 — Termination Of Guardianship; Other Proceedings After Appointment.
Section 524.5-211 — Delegation Of Power By Parent Or Guardian.
Section 524.5-301 — Appointment And Status Of Guardian.
Section 524.5-302 — Appointment Of Guardian By Will Or Other Writing.
Section 524.5-303 — Judicial Appointment Of Guardian: Petition.
Section 524.5-304 — Judicial Appointment Of Guardian: Preliminaries To Hearing.
Section 524.5-307 — Guardian Proceedings; Presence And Rights At Hearing.
Section 524.5-309 — Who May Be Guardian: Priorities.
Section 524.5-310 — Findings; Order Of Appointment.
Section 524.5-311 — Emergency Guardian.
Section 524.5-312 — Temporary Substitute Guardian.
Section 524.5-313 — Powers And Duties Of Guardian.
Section 524.5-315 — Rights And Immunities Of Guardian; Limitations.
Section 524.5-316 — Reports; Monitoring Of Guardianship; Court Orders.
Section 524.5-317 — Termination Or Modification Of Guardianship; Court Orders.
Section 524.5-401 — Protective Proceeding.
Section 524.5-402 — Jurisdiction Over Business Affairs Of Person Subject To Conservatorship.
Section 524.5-403 — Original Petition For Appointment Or Protective Order.
Section 524.5-405 — Original Petition: Minors; Preliminaries To Hearing.
Section 524.5-406 — Original Petition: Persons Under Disability; Preliminaries To Hearing.
Section 524.5-408 — Conservatorship Proceedings: Procedure At Hearing.
Section 524.5-409 — Findings; Order Of Appointment.
Section 524.5-410 — Powers Of Court.
Section 524.5-411 — Required Court Approval.
Section 524.5-412 — Protective Arrangements And Single Transactions.
Section 524.5-413 — Who May Be Conservator; Priorities.
Section 524.5-414 — Petition For Order Subsequent To Appointment.
Section 524.5-416 — Terms And Requirements Of Bond.
Section 524.5-417 — General Powers And Duties Of Conservator.
Section 524.5-418 — General Powers And Duties Of Conservator With Respect To Real Property.
Section 524.5-419 — Inventory; Records.
Section 524.5-420 — Reports; Appointment Of Visitor; Monitoring; Court Orders.
Section 524.5-421 — Title After Appointment.
Section 524.5-422 — Interest Of Person Subject To Conservatorship Nonalienable.
Section 524.5-423 — Sale, Encumbrance, Or Other Transaction Involving Conflict Of Interest.
Section 524.5-424 — Protection Of Person Dealing With Conservator.
Section 524.5-426 — Delegation.
Section 524.5-427 — Principles Of Distribution By Conservator.
Section 524.5-428 — Death Of Person Subject To Conservatorship.
Section 524.5-429 — Claims Against Person Subject To Conservatorship.
Section 524.5-430 — Personal Liability Of Conservator.
Section 524.5-431 — Termination Of Proceedings.
Section 524.5-433 — Foreign Conservator: Proof Of Authority; Bond; Powers.
Section 524.5-501 — Guardianship, Conservatorship; Workers' Compensation Proceedings.
Section 524.5-502 — Compensation And Expenses.
Section 524.5-601 — Short Title.
Section 524.5-602 — Definitions.
Section 524.5-603 — International Application.
Section 524.5-604 — Communication Between Courts.
Section 524.5-605 — Cooperation Between Courts.
Section 524.5-606 — Taking Testimony In Another State.
Section 524.5-701 — Definitions; Significant Connection Factors.
Section 524.5-702 — Exclusive Basis.
Section 524.5-703 — Jurisdiction.
Section 524.5-704 — Special Jurisdiction.
Section 524.5-705 — Exclusive And Continuing Jurisdiction.
Section 524.5-706 — Appropriate Forum.
Section 524.5-707 — Jurisdiction Declined By Reason Of Conduct.
Section 524.5-708 — Notice Of Proceeding.
Section 524.5-709 — Proceedings In More Than One State.
Section 524.5-801 — Transfer Of Guardianship Or Conservatorship To Another State.
Section 524.5-802 — Accepting Guardianship Or Conservatorship Transferred From Another State.
Section 524.5-901 — Registration Of Guardianship Orders.
Section 524.5-902 — Registration Of Protective Orders.
Section 524.5-903 — Effect Of Registration.
Section 524.6-201 — Definitions.
Section 524.6-202 — Ownership As Between Parties, And Others; Protection Of Financial Institutions.
Section 524.6-203 — Ownership During Lifetime.
Section 524.6-204 — Right Of Survivorship.
Section 524.6-205 — Effect Of A Written Notice To Financial Institution.
Section 524.6-206 — Accounts And Transfers Nontestamentary.
Section 524.6-207 — Rights Of Creditors.
Section 524.6-208 — Financial Institution Protection; Payment On Signature Of One Party.
Section 524.6-210 — Financial Institution Protection; Payment Of P.o.d. Account.
Section 524.6-211 — Financial Institution Protection; Discharge.
Section 524.6-212 — Financial Institution Protection; Setoff.
Section 524.6-215 — Designation Of Agent.
Section 524.6-216 — Types Of Account; Existing Accounts.
Section 524.6-301 — Definitions.
Section 524.6-302 — Registration In Beneficiary Form; Sole Or Joint Tenancy Ownership.
Section 524.6-303 — Registration In Beneficiary Form; Applicable Law.
Section 524.6-304 — Origination Of Registration In Beneficiary Form.
Section 524.6-305 — Form Of Registration In Beneficiary Form.
Section 524.6-306 — Effect Of Registration In Beneficiary Form.
Section 524.6-307 — Death Of Owner; Creditors.
Section 524.6-308 — Protection Of Registering Entity.
Section 524.6-309 — Nontestamentary Transfer; Revocation Of Designation.
Section 524.6-310 — Terms, Conditions, And Forms For Registration.
Section 524.6-311 — Application.