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2012 South Carolina Code of Laws
Title 35 - Securities
Chapter 6 - UNIFORM TRANSFER ON DEATH SECURITY REGISTRATION ACT
Section 35-6-20 - Individuals eligible to obtain registration in beneficiary form; multiple owners of security.


SC Code § 35-6-20 (2012) What's This?

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, and not as tenants in common.

HISTORY: 1997 Act No. 102, Section 1, eff June 13, 1997.

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