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.
Del. Code tit. 12, § 804
Origination of registration in beneficiary form
Known as the Uniform TOD Security Registration Act
The act spans §§ 12–12 (12 sections).
70 Del
Official source: Delaware Code Online. Reproduced from public-domain Delaware statutes; confirm against the official source for the current text. Not legal advice.