Uniform TOD Security Registration Act
Hawaii · Uniform Transfer-on-Death (TOD) Security Registration Act · §§ 539-1 to 539-9 · 12 sections
Overview
The act governs how securities and securities accounts may be registered in a transfer-on-death, or beneficiary, form, allowing an owner — whether a sole owner or joint tenants — to name one or more beneficiaries who take ownership automatically when the owner dies. It sets out who may originate such a registration, the form the registration must take, the terms and conditions a registering entity may impose, and how a beneficiary designation may be changed or cancelled during the owner's lifetime. It also treats the resulting transfer as nontestamentary, so it operates outside the will and probate process, and it shields the registering entity from liability for carrying out a registration and transfer in accordance with the act.
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
- Haw. Rev. Stat. § 539-1Definitions
- Haw. Rev. Stat. § 539-10Terms, conditions, and forms for registration
- Haw. Rev. Stat. § 539-11Short title; rules of construction
- Haw. Rev. Stat. § 539-12Application of chapter
- Haw. Rev. Stat. § 539-2Registration in beneficiary form; sole or joint tenancy ownership
- Haw. Rev. Stat. § 539-3Registration in beneficiary form; applicable law
- Haw. Rev. Stat. § 539-4Origination of registration in beneficiary form
- Haw. Rev. Stat. § 539-5Form of registration in beneficiary form
- Haw. Rev. Stat. § 539-6Effect of registration in beneficiary form
- Haw. Rev. Stat. § 539-7Ownership on death of owner
- Haw. Rev. Stat. § 539-8Protection of registering entity
- Haw. Rev. Stat. § 539-9Nontestamentary transfer on death
Enacted in other states
Alabama, Arkansas, California, Delaware, Idaho, Illinois, Kentucky, Maryland, North Carolina, New Jersey, Oklahoma, Oregon, Rhode Island, West Virginia, Wyoming
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