(A) 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 chapter and is not testamentary.
(B) This chapter does not limit the rights of creditors of security owners against beneficiaries and other transferees under other laws of this State.
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.