§ 7-11.1-4. Registration in beneficiary form — Applicable law.
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.
History of Section.P.L. 1998, ch. 260, § 1.
Structure Rhode Island General Laws
Title 7 - Corporations, Associations and Partnerships
Chapter 7-11.1 - The Uniform Transfer on Death Security Registration Act
Section 7-11.1-1. - Short title — Rules of construction.
Section 7-11.1-2. - Definitions.
Section 7-11.1-3. - Registration in beneficiary form — Sole or joint tenancy ownership.
Section 7-11.1-4. - Registration in beneficiary form — Applicable law.
Section 7-11.1-5. - Origination of registration in beneficiary form.
Section 7-11.1-6. - Form of registration in beneficiary form.
Section 7-11.1-7. - Effect of registration in beneficiary form.
Section 7-11.1-8. - Ownership on death of owner.
Section 7-11.1-9. - Protection of registering entity.
Section 7-11.1-10. - Nontestamentary transfer on death.
Section 7-11.1-11. - Terms — Conditions — Forms for registration.