72-6-303. Registration in beneficiary form -- applicable law. (1) A security may be registered in beneficiary form if the form is authorized by this or a similar statute of the state:
(a) of organization of the issuer or registering entity;
(b) of the location of the registering entity's principal office;
(c) of the office of its transfer agent or its office making the registration; or
(d) listed as the owner's address at the time of registration.
(2) A registration governed by the law of a jurisdiction in which this or similar legislation 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: En. Sec. 105, 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