Alabama § 8-6-141 Registration - Beneficiary Form

Alabama Statutes

§ 8-6-141 — Registration - Beneficiary Form

Alabama § 8-6-141

Title 8Commercial Law and Consumer Protection

Ch. 6Securities

Art. 6Uniform Transfer on Death Security Registration Act

This text of Alabama § 8-6-141 (Registration - Beneficiary Form) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ala. Code § 8-6-141 (2026).

Text

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.

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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.