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.
Cal. Prob. Code § 5504
UNIFORM TOD SECURITY REGISTRATION ACT
Known as the Uniform TOD Security Registration Act
The act spans §§ 5500–5512 (13 sections).
Added by Stats. 1998, Ch. 242, Sec. 2
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.