Nontestamentary transfer on death
Known as the Uniform TOD Security Registration Act
The act spans §§ 28-14-101 to 28-14-112 (12 sections).
Applied in 1 court decision — leading case Heritage Properties, Limited Partnership v. Walt & Lee Keenihan Foundation, Inc. (2019)
Most recently applied in Heritage Properties, Limited Partnership v. Walt & Lee Keenihan Foundation, Inc. (December 2019)
Acts 1993, No. 114, § 9.
(1) 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.
(2) This chapter does not limit the rights of creditors of security owners against beneficiaries and other transferees under other laws of this state.
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.