A security, whether evidenced by certificate or account, is registered in beneficiary form when the registration includes a designation of a beneficiary to take the ownership at the death of the owner or the deaths of all multiple owners.

History

Apr. 27, 2001, D.C. Law 13-292, § 302(b), 48 DCR 2087

Editor's Notes

Uniform Law: This section is based upon § 304 of the Uniform Nonprobate Transfers on Death Act (1991 Act).