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.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Title 20 - DECEDENTS, ESTATES AND FIDUCIARIES
Chapter 64 - Transfer on Death Security Registration
Section 6402 - Registration in beneficiary form
Section 6403 - Law applicable to registration
Section 6404 - Origination of registration in beneficiary form
Section 6405 - Form of registration in beneficiary form
Section 6406 - Effect of registration in beneficiary form
Section 6407 - Ownership on death of owner
Section 6408 - Protection of registering entity
Section 6409 - Nontestamentary transfer on death
Section 6410 - Terms, conditions and forms for registration
Section 6411 - Transfers of securities and security accounts