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.
N.C. Gen. Stat. § 41-43
Origination of registration in beneficiary form
Known as the Uniform TOD Security Registration Act
The act spans §§ 41–41 (12 sections).
2005-411, s. 1.
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.