5509
Effective Jan 1, 1999Added by Stats. 1998, Ch. 242, Sec. 2. Effective January 1, 1999.
- (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 and the registering entity and this part and is not testamentary.
- (b) This part does not limit the rights of a surviving spouse or creditors of security owners against beneficiaries and other transferees under other laws of this state.