Only individuals whose registration of a security shows sole ownership by one individual or multiple ownership by two or more with right of survivorship, rather than as tenants in common, may obtain registration in beneficiary form. Multiple owners of a security registered in beneficiary form hold as joint tenants with right of survivorship, as tenants by the entireties, or as owners of community property held in survivorship form, and not as tenants in common.
Ark. Code Ann. § 28-14-102
Registration in beneficiary form — Sole or joint tenancy ownership
Known as the Uniform TOD Security Registration Act
The act spans §§ 28-14-101 to 28-14-112 (12 sections).
Acts 1993, No. 114, § 2.
Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.