72-6-302. Registration in beneficiary form -- sole or joint tenancy ownership. 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: En. Sec. 104, Ch. 494, L. 1993.
Structure Montana Code Annotated
Title 72. Estates, Trusts, and Fiduciary Relationships
Chapter 6. Nonprobate Transfers on Death
Part 3. Uniform TOD Security Registration Act
72-6-302. Registration in beneficiary form -- sole or joint tenancy ownership
72-6-303. Registration in beneficiary form -- applicable law
72-6-304. Origination of registration in beneficiary form
72-6-305. Form of registration in beneficiary form
72-6-306. Effect of registration in beneficiary form
72-6-307. Ownership on death of owner
72-6-308. Protection of registering entity
72-6-309. Nontestamentary transfer on death