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2013 Maryland Code
ESTATES AND TRUSTS
§ 1-401 - Nontestamentary transfers
MD Est & Trusts Code § 1-401 (2013) What's This?
§1-401.
A provision in an account agreement, as defined in § 1-204(b)(2) of the Financial Institutions Article, for a transfer on death is nontestamentary and shall be effective according to the provisions of § 1-204 of the Financial Institutions Article. Transfers pursuant to § 1-204 of the Financial Institutions Article are effective in the form and manner prescribed by that section and are not to be considered testamentary.
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