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 form, and not as tenants in common.
Utah Code § 75-6-303
Registration in beneficiary form -- Sole or joint tenancy ownership
Known as the Uniform Transfer on Death Security Registration Act
The act spans §§ 75–75 (13 sections).
Enacted by Chapter 9, 1995 General Session
Official source: Utah State Legislature. Reproduced from public-domain Utah statutes; confirm against the official source for the current text. Not legal advice.