A security may be registered in beneficiary form if the form is authorized by this or a similar statute of the state of organization of the issuer or registering entity, the location of the registering entity's principal office, the office of its transfer agent or its office making the registration or by this or a similar statute of the law of the state listed as the owner's address at the time of registration. 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.
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