3. Only individuals whose registration of a security shows sole ownership by one individual or multiple ownership by two or more with right of survivorship, rather than as tenants in common, may obtain registration in beneficiary form. Multiple owners of a security registered in beneficiary form hold as joint tenants with right of survivorship, as tenants by the entireties, or as owners of community property held in survivorship for, and not as tenants in common.
N.J. Stat. Ann. § 3B:30-3
Individuals, multiple owners, registration of a security
Known as the Uniform TOD Security Registration Act
The act spans §§ 3B:30-1 to 3B:30-9 (12 sections).
L.1995,c.130,s.3.
Current official text: New Jersey Legislature. Digitized from the New Jersey Legislature bulk statutes download. Reproduced from public-domain New Jersey statutes; confirm against the official source for the current text. Not legal advice.