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2021 Code of Alabama
Title 8 - Commercial Law and Consumer Protection.
Chapter 6 - Securities.
Article 6 - Uniform Transfer on Death Security Registration Act.
Section 8-6-143 - Registration - Designation of a Beneficiary.
Universal Citation: AL Code § 8-6-143 (2021)
Section 8-6-143
Registration - Designation of a beneficiary.
A security, whether evidenced by certificate or account, is registered in beneficiary form when the registration includes a designation of a beneficiary to take the ownership at the death of the owner or the deaths of all multiple owners.
(Acts 1997, No. 97-703, p. 1451, §4.)
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