(1) This Article shall be known as and may be cited as the "Uniform TOD Security Registration Act".
(2) This Article shall be applied and construed to effectuate its general purposes and to make uniform the laws with respect to the subject of this Article among states enacting it.
(3) This Article does not repeal G.S. 41-2.2. G.S. 41-2.2 applies in determining whether a right of survivorship exists among multiple owners of a security.
History
(2005-411, s. 1.)
NORTH CAROLINA COMMENT
This section differs from the Uniform Act in several respects. In subsection (b), the phrase "liberally construed and applied to promote its underlying purposes and policy" was replaced with the phrase "applied and construed to effectuate its general purposes." Subsection (c) has no counterpart in the Uniform Act. The Uniform Act's subdivision (3), relating to the supplementation of the Act by principles of law and equity, was omitted.