Uniform Transfer on Death Security Registration Act

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.