72-6-309. Nontestamentary transfer on death. (1) 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 this part and is not testamentary.
(2) This part does not limit the rights of creditors of security owners against beneficiaries and other transferees under other laws of this state.
History: En. Sec. 111, 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