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2022 Code of Alabama
Title 8 - Commercial Law and Consumer Protection.
Chapter 6 - Securities.
Article 6 - Uniform Transfer on Death Security Registration Act.
Section 8-6-148 - Transfer on Death.
Universal Citation:
AL Code § 8-6-148 (2022)
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Section 8-6-148
Transfer on death.
(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 article and is not testamentary.
(b) This article does not limit the rights of creditors of security owners against beneficiaries and other transferees under other laws of this state.
(Acts 1997, No. 97-703, p. 1451, §9.)
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