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.
Md. Code Ann., Est. & Trusts § 16-104
Known as the Maryland Uniform TOD Security Registration Act
The act spans §§ 16–16 (12 sections).
Official source: Maryland General Assembly. Reproduced from public-domain Maryland statutes; confirm against the official source for the current text. Not legal advice.