Florida Uniform Transfer-on-Death Security Registration Act
Florida · Florida Uniform Transfer-on-Death Security Registration Act · §§ 711.50 to 711.512 · 13 sections
Overview
The act governs the registration of securities in beneficiary form — a transfer-on-death designation naming who is to receive a security when its owner dies. It establishes how such a registration is created and what legal effect it carries: it controls ownership on the owner's death, treats the resulting transfer as nontestamentary rather than as a disposition by will, and reaches securities held in sole ownership as well as in joint tenancy. It also protects a registering entity that acts in accordance with a beneficiary registration, permits registering entities to set their own terms, conditions, and forms for accepting one, and specifies which jurisdiction's law applies to a given registration.
Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.
Sections covered
- Fla. Stat. § 711.50Short title
- Fla. Stat. § 711.501Definitions
- Fla. Stat. § 711.502Registration in beneficiary form; sole or joint tenancy ownership
- Fla. Stat. § 711.503Registration in beneficiary form; applicable law
- Fla. Stat. § 711.504Origination of registration in beneficiary form
- Fla. Stat. § 711.505Form of registration in beneficiary form
- Fla. Stat. § 711.506Effect of registration in beneficiary form
- Fla. Stat. § 711.507Ownership on death of owner
- Fla. Stat. § 711.508Protection of registering entity
- Fla. Stat. § 711.509Nontestamentary transfer on death
- Fla. Stat. § 711.51Terms, conditions, and forms for registration
- Fla. Stat. § 711.511Rules of construction
- Fla. Stat. § 711.512Application of ss. 711.50-711.512
Enacted in other states
Connecticut, Georgia, Louisiana, Mississippi, South Carolina, Tennessee, Utah
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