A security, whether evidenced by a certificate or account, is registered in beneficiary form when the registration includes a designation of a beneficiary to take ownership at the death of the owner or the death of all multiple owners.
HISTORY: 1997 Act No. 102, Section 1, eff June 13, 1997.
Structure South Carolina Code of Laws
Chapter 6 - Uniform Transfer On Death Security Registration Act
Section 35-6-10. Short title; definitions.
Section 35-6-50. Certain words signify registration in beneficiary form.
Section 35-6-60. Ownership not affected until owner's death; cancellation or change.
Section 35-6-80. Registering entities; duties and protections.