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.
KRS 292.6504
Origination of registration in beneficiary form
Known as the Securities Act
The act spans §§ 292.010 to 292.991 (93 sections).
Effective: August 1, 1998 History: Created 1998 Ky
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.