Effectiveness of transfer on death by reason of contract; effect of chapter on rights of creditors of security owners against beneficiaries and transferees
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.
(A) A transfer on death resulting from a registration in beneficiary form is effective by reason of the contract regarding the registration between the owner and the registering entity and this chapter and is not testamentary.
(B) This chapter does not limit the rights of creditors of security owners against beneficiaries and other transferees under other laws of this State.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.