- (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 chapter and is not testamentary.
- (B) This chapter does not limit the rights of creditors of security owners against beneficiaries and other transferees under other laws of this State.
HISTORY: 1997 Act No. 102, Section 1, eff June 13, 1997.