A security, whether evidenced by certificate or account, is registered in beneficiary form when the registration includes a designation of a beneficiary to take the ownership at the death of the owner or the deaths of all multiple owners.
Ark. Code Ann. § 28-14-104
Origination of registration in beneficiary form
Known as the Uniform TOD Security Registration Act
The act spans §§ 28-14-101 to 28-14-112 (12 sections).
Acts 1993, No. 114, § 4.
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.