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.
R.I. Gen. Laws § 7-11.1-5
Origination of registration in beneficiary form
Known as the Uniform TOD Security Registration Act
The act spans §§ 7–7 (12 sections).
P.L. 1998, ch. 260, § 1.
Official source: Rhode Island General Assembly. Reproduced from public-domain Rhode Island statutes; confirm against the official source for the current text. Not legal advice.