- (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 title and is not testamentary.
- (b) This title does not limit the rights of creditors of security owners against beneficiaries and other transferees under other laws of this State.
Added by Acts 1994, c. 644, § 1, eff. Oct. 1, 1994.