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2021 Ohio Revised Code
Title 17 | Corporations-Partnerships
Chapter 1709 | Uniform Transfer-on-Death Security Registration Act
Section 1709.09 | Transfer-on-Death Is Not Testamentary.
Universal Citation: Ohio Rev Code § 1709.09 (2021)
Effective: October 1, 1993
Latest Legislation: House Bill 62 - 120th General Assembly
(A) Any transfer-on-death resulting from a registration in beneficiary form is effective by reason of the contract regarding the registration between the owner of the security and the registering entity and by reason of sections 1709.01 to 1709.11 of the Revised Code and is not testamentary.
(B) Sections 1709.01 to 1709.11 of the Revised Code do not limit the rights of creditors of the owners of securities against beneficiaries and other transferees under other laws of this state.
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