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Effective Jan 1, 1999Added by Stats. 1998, Ch. 242, Sec. 2. Effective January 1, 1999.
- (a) This part shall be known as and may be cited as the Uniform TOD Security Registration Act.
- (b) This part shall be liberally construed and applied to promote its underlying purposes and policy.
- (c) The underlying purposes and policy of this act are to (1) encourage development of a title form for use by individuals that is effective, without probate and estate administration, for transferring property at death in accordance with directions of a deceased owner of a security as included in the title form in which the security is held and (2) protect issuers offering and implementing the new title form.
- (d) Unless displaced by the particular provisions of this part, the principles of law and equity supplement its provisions.