Registration in beneficiary form may be shown by the words, "transfer on death" or the abbreviation "TOD", or by the words "pay on death" or the abbreviation "POD", after the name of the registered owner and before the name of a beneficiary.

HISTORY: 1997 Act No. 102, Section 1, eff June 13, 1997.

Editor's Note

1997 Act No. 102, Section 2, provides as follows:

"SECTION 2. This act takes effect upon approval by the Governor, and applies to registrations of securities in beneficiary form made before or after the effective date of this act by decedents dying on or after the effective date of this act."