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, and not as tenants in common.
S.C. Code Ann. § 35-6-20
Individuals eligible to obtain registration in beneficiary form; multiple owners of security
Known as the Uniform Transfer on Death Security Registration Act
The act spans §§ 35–35 (10 sections).
1997 Act No. 102, SECTION 1, eff June 13, 1997.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.