- (a) A 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 subchapter and is not testamentary.
- (b) This subchapter does not limit the rights of creditors of security owners against beneficiaries and other transferees under other laws of the District.
History
Apr. 27, 2001, D.C. Law 13-292, § 302(b), 48 DCR 2087
Editor's Notes
Uniform Law: This section is based upon § 309 of the Uniform Nonprobate Transfers on Death Act (1991 Act).